Illinois General Assembly - Bill Status for HB6959

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Bill Status of HB6959 93rd General Assembly

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Short Description: INCOME TAX-ETHANOL CREDITS

House Sponsors
Rep. William B. Black - Patricia Reid Lindner - Sidney H. Mathias - Ronald A. Wait - Raymond Poe, Rich Brauer, Richard P. Myers and Chapin Rose

Last Action

Date	Chamber	Action
1/11/2005	House	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 5/216 new

35 ILCS 5/217 new

Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates a $2,000 tax credit for each taxpayer who purchases a new E85 ethanol powered motor vehicle for each vehicle purchased during the taxable year. Creates a $10,000 tax credit for each motor fuel retailer who installs one or more new E85 ethanol fuel dispensing pumps at his or her motor fuel retail store in Illinois during the taxable year. Provides that each of the credits applies to taxable years ending on or after December 31, 2004 and on or before December 30, 2009. Provides that the credits may not reduce the taxpayer's liability to less than zero. Effective January 1, 2005.

Actions

Date	Chamber	Action
2/9/2004	House	Filed with the Clerk by Rep. William B. Black
2/9/2004	House	Chief Co-Sponsor Rep. Patricia Reid Lindner
2/9/2004	House	Chief Co-Sponsor Rep. Sidney H. Mathias
2/9/2004	House	Chief Co-Sponsor Rep. Ronald A. Wait
2/9/2004	House	Chief Co-Sponsor Rep. Raymond Poe
2/9/2004	House	Co-Sponsor Rep. Rich Brauer
2/9/2004	House	Co-Sponsor Rep. Richard P. Myers
2/9/2004	House	Co-Sponsor Rep. Chapin Rose
2/9/2004	House	First Reading
2/9/2004	House	Referred to Rules Committee
4/29/2004	House	Motion Filed to Discharge Committee Rep. William B. Black
1/11/2005	House	Session Sine Die

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