Illinois General Assembly - Bill Status for SB3432

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Bill Status of SB3432 99th General Assembly

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Short Description: INC TX-SOUNDPROOFING

Senate Sponsors
Sen. Laura M. Murphy

Last Action

Date	Chamber	Action
1/10/2017	Senate	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 5/224 new

Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to the amount paid by the taxpayer during the taxable year for the purpose of purchasing acoustical materials, other materials, labor, and professional services to soundproof a residential home located at an eligible address against aircraft noise generated by an airport governed by the provisions of the Permanent Noise Monitoring Act. Provides that the credit may not reduce the taxpayer's liability to less than zero; however, the credit may be carried forward. Provides that the credit is exempt from the Act's automatic sunset provisions. Effective immediately.

Actions

Date	Chamber	Action
5/19/2016	Senate	Filed with Secretary by Sen. Laura M. Murphy
5/19/2016	Senate	First Reading
5/19/2016	Senate	Referred to Assignments
1/10/2017	Senate	Session Sine Die

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