Bill Title: Creates the Renewable Chemical Production Tax Credit Program Act. Provides a credit against taxes imposed under the Illinois Income Tax Act for eligible businesses that produces a renewable chemical in this State from biomass feedstock. Provides eligibility requirements and for the amount and applicability of the credit. Defines terms. Effective immediately.

Sponsorship: Slight Partisan Bill (Republican 2-1)

Status: (Failed) 2019-01-09 - Session Sine Die [SB1656 Detail]

Text: Latest bill text (Introduced) [HTML]

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