Illinois Senate Bill 66 (Prior Session Legislation)

---

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 3-0)
Status: Failed on January 9 2019 - 100% progression
Action: 2019-01-09 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Amends the Illinois Income Tax Act. Creates a deduction in an amount equal to the product of the total capital expenditures incurred by the taxpayer for labor and materials to install mechanical insulation property during the taxable year multiplied by the applicable percentage. Provides that the applicable percentage is the lesser of: (i) 30%; or (ii) the difference between: (a) the energy savings, expressed as a percentage, obtained by placing the mechanical insulation property in service in connection with a mechanical system and (b) the energy savings, expressed as a percentage, that the property is required to meet by standard 90.1-2007, developed and published by the American Society of Heating, Refrigerating and Air-Conditioning Engineers. Effective immediately.

INC TX-MECHANICAL INSULATION

Sen. Michael Hastings [D]

Sen. Scott Bennett [D]

Sen. William Cunningham [D]

Date	Chamber	Action
2019-01-09	Senate	Session Sine Die
2017-03-17	Senate	Rule 3-9(a) / Re-referred to Assignments
2017-02-22	Senate	To Subcommittee on Income Taxes
2017-02-08	Senate	Added as Co-Sponsor Sen. Bill Cunningham
2017-02-07	Senate	Added as Co-Sponsor Sen. Scott M. Bennett
2017-01-24	Senate	Assigned to Revenue
2017-01-11	Senate	Referred to Assignments
2017-01-11	Senate	First Reading
2017-01-11	Senate	Filed with Secretary by Sen. Michael E. Hastings

Chapter	Article	Section	Citation Type	Statute Text
35	5	203	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=66&GAID=14&DocTypeID=SB&SessionID=91&GA=100
Text	https://www.ilga.gov/legislation/100/SB/10000SB0066.htm