Bill Title: Amends the Illinois Income Tax Act. Provides for a credit for taxpayers who, during the taxable year, install, on a building or property that is owned by the taxpayer and that is located in the State, a geothermal energy device and sets the amount of the credit at the lesser of (i) $5,000 or (ii) 50% of the actual cost of the acquisition and installation of the device. Provides that the credit may not be carried forward or back and may not reduce the taxpayer's liability to less than zero. Effective immediately.

Spectrum: Bipartisan Bill

Status: (Introduced - Dead) 2009-03-13 - Rule 19(a) / Re-referred to Rules Committee [HB0679 Detail]

Text: Latest bill text (Introduced) [HTML]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Representative David Reis [R]	Sponsor	Sponsored Bills	HD-109	FollowTheMoney	Ballotpedia	VoteSmart
Representative Donald Moffitt [R]	Sponsor	Sponsored Bills	HD-074	FollowTheMoney	Ballotpedia	VoteSmart
Representative Fred Crespo [D]	Sponsor	Sponsored Bills	HD-044	FollowTheMoney	Ballotpedia	VoteSmart
Representative Naomi Jakobsson [D]	Sponsor	Sponsored Bills	HD-103	FollowTheMoney	Ballotpedia	VoteSmart
Representative Sidney Mathias [R]	Sponsor	Sponsored Bills	HD-053	FollowTheMoney	Ballotpedia	VoteSmart

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