Bill Title: 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.

Spectrum: Partisan Bill (Republican 12-0)

Status: (Introduced - Dead) 2010-05-25 - Motion to Sustain the Chair - Prevailed 068-048-000 [HB5807 Detail]

Text: Latest bill text (Introduced) [HTML]

---

Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Representative Robert Biggins [R]	Sponsor	Sponsored Bills	HD-041	FollowTheMoney	Ballotpedia	VoteSmart
Representative Roger Eddy [R]	Sponsor	Sponsored Bills	HD-109	FollowTheMoney	Ballotpedia	VoteSmart
Representative Rich Brauer [R]	Sponsor	Sponsored Bills	HD-087	FollowTheMoney	Ballotpedia	VoteSmart
Representative Patricia Bellock [R]	Sponsor	Sponsored Bills	HD-047	FollowTheMoney	Ballotpedia	VoteSmart
Representative Mike Bost [R]	Sponsor	Sponsored Bills	HD-115	FollowTheMoney	Ballotpedia	VoteSmart
Representative Michael Tryon [R]	Sponsor	Sponsored Bills	HD-066	FollowTheMoney	Ballotpedia	VoteSmart
Representative John Cavaletto [R]	Sponsor	Sponsored Bills	HD-107	FollowTheMoney	Ballotpedia	VoteSmart
Representative JoAnn Osmond [R]	Sponsor	Sponsored Bills	HD-061	FollowTheMoney	Ballotpedia	VoteSmart
Representative Jim Sacia [R]	Sponsor	Sponsored Bills	HD-089	FollowTheMoney	Ballotpedia	VoteSmart
Representative David Reis [R]	Sponsor	Sponsored Bills	HD-109	FollowTheMoney	Ballotpedia	VoteSmart
Representative Darlene Senger [R]	Sponsor	Sponsored Bills	HD-041	FollowTheMoney	Ballotpedia	VoteSmart
Representative Sandy Cole [R]	Sponsor	Sponsored Bills	HD-062	FollowTheMoney	Ballotpedia	VoteSmart

Social Comments on IL HB5807