Bill Text: IL SB3574 | 2013-2014 | 98th General Assembly | Amended
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Amends the Illinois Income Tax Act. Provides that persons that purchase a new motor vehicle with a gross vehicle weight rating of 33,000 pounds or more that uses natural gas as a motor fuel are entitled to an income tax credit equal to the lesser of $18,000 or half the difference between the purchase price of the natural gas vehicle and a similarly equipped gasoline or diesel vehicle of the same make and model. Amends the Motor Fuel Tax Law. Provides that motor carriers that employ natural gas vehicles are entitled to a refund on taxes paid under the Motor Fuel Tax Law equal to 12% of the taxes paid on the purchase of natural gas. Amends the Illinois Vehicle Code. Provides that the weight limitations on motor vehicles are increased by 2,000 pounds for vehicles that use natural gas as a motor fuel.
Spectrum: Partisan Bill (Democrat 5-0)
Status: (Passed) 2014-08-22 - Public Act . . . . . . . . . 98-1029 [SB3574 Detail]
Download: Illinois-2013-SB3574-Amended.html
Bill Title: Amends the Illinois Income Tax Act. Provides that persons that purchase a new motor vehicle with a gross vehicle weight rating of 33,000 pounds or more that uses natural gas as a motor fuel are entitled to an income tax credit equal to the lesser of $18,000 or half the difference between the purchase price of the natural gas vehicle and a similarly equipped gasoline or diesel vehicle of the same make and model. Amends the Motor Fuel Tax Law. Provides that motor carriers that employ natural gas vehicles are entitled to a refund on taxes paid under the Motor Fuel Tax Law equal to 12% of the taxes paid on the purchase of natural gas. Amends the Illinois Vehicle Code. Provides that the weight limitations on motor vehicles are increased by 2,000 pounds for vehicles that use natural gas as a motor fuel.
Spectrum: Partisan Bill (Democrat 5-0)
Status: (Passed) 2014-08-22 - Public Act . . . . . . . . . 98-1029 [SB3574 Detail]
Download: Illinois-2013-SB3574-Amended.html
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| 1 | AMENDMENT TO SENATE BILL 3574
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| 2 | AMENDMENT NO. ______. Amend Senate Bill 3574 on page 10, | ||||||
| 3 | line 16, after "natural gas" by inserting "or propane gas".
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