IL HB5807 | 2009-2010 | 96th General Assembly
Status
Spectrum: Partisan Bill (Republican 12-0)
Status: Introduced on February 10 2010 - 25% progression, died in chamber
Action: 2010-05-25 - Motion to Sustain the Chair - Prevailed 068-048-000
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 10 2010 - 25% progression, died in chamber
Action: 2010-05-25 - Motion to Sustain the Chair - Prevailed 068-048-000
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Illinois Income Tax Act. Authorizes a credit to taxpayers who are wind turbine manufacturers equal to 30% of the Illinois income tax attributable to income from the sale of wind turbines. A taxpayer may claim the credit for only one taxable year. Provides that the credit may not reduce the taxpayer's liability to less than zero and may not be carried back, but may be carried forward and applied to the tax liability of the 3 taxable years following the excess credit year. Effective immediately.
Title
INC TAX-WIND TURBINE
Sponsors
History
Date | Chamber | Action |
---|---|---|
2010-05-25 | Motion to Sustain the Chair - Prevailed 068-048-000 | |
2010-05-25 | Shall the Chair be Sustained | |
2010-05-25 | Appeal Ruling of Chair Rep. William B. Black | |
2010-05-25 | Motion Discharge Committee Lost | |
2010-05-25 | Chair Rules Motion Lost | |
2010-05-25 | Objects to Motion Rep. Barbara Flynn Currie | |
2010-05-25 | Motion Filed to Discharge Rules Committee Rep. William B. Black | |
2010-03-15 | Rule 19(a) / Re-referred to Rules Committee | |
2010-02-22 | Assigned to Revenue & Finance Committee | |
2010-02-10 | Referred to Rules Committee | |
2010-02-10 | First Reading | |
2010-02-10 | Co-Sponsor Rep. John D. Cavaletto | |
2010-02-10 | Co-Sponsor Rep. JoAnn D. Osmond | |
2010-02-10 | Co-Sponsor Rep. Patricia R. Bellock | |
2010-02-10 | Co-Sponsor Rep. Bob Biggins | |
2010-02-10 | Co-Sponsor Rep. Rich Brauer | |
2010-02-10 | Co-Sponsor Rep. Roger L. Eddy | |
2010-02-10 | Co-Sponsor Rep. Jim Sacia | |
2010-02-10 | Chief Co-Sponsor Rep. Mike Bost | |
2010-02-10 | Chief Co-Sponsor Rep. Darlene J. Senger | |
2010-02-10 | Chief Co-Sponsor Rep. Michael W. Tryon | |
2010-02-10 | Chief Co-Sponsor Rep. Sandy Cole | |
2010-02-10 | Filed with the Clerk by Rep. David Reis |
Illinois State Sources
Type | Source |
---|---|
Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=5807&GAID=10&DocTypeID=HB&SessionID=76&GA=96 |
Text | https://www.ilga.gov/legislation/96/HB/09600HB5807.htm |