Illinois General Assembly - Bill Status for HB2077
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 Bill Status of HB2077  97th General Assembly


Short Description:  INC TAX-WIND TURBINE

House Sponsors
Rep. Lou Lang

Last Action
DateChamber Action
  1/8/2013HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/221 new


Synopsis As Introduced
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.

Actions 
DateChamber Action
  2/17/2011HouseFiled with the Clerk by Rep. Lou Lang
  2/22/2011HouseFirst Reading
  2/22/2011HouseReferred to Rules Committee
  2/24/2011HouseAssigned to Revenue & Finance Committee
  3/17/2011HouseRule 19(a) / Re-referred to Rules Committee
  1/8/2013HouseSession Sine Die

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