Illinois General Assembly - Bill Status for HB7008

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Bill Status of HB7008 93rd General Assembly

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Short Description: INC TX-ALT FUEL VEHICLE CREDIT

House Sponsors
Rep. Jack D. Franks

Last Action

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

Statutes Amended In Order of Appearance

35 ILCS 5/216 new

Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides, for 5 taxable years, for an income tax credit for the purchase of an alternative fueled vehicle during the taxable year in the amount of $1,000 per vehicle purchased. Provides that the credit may not reduce the taxpayer's liability to less than zero but may be carried forward for 5 years. Effective immediately.

Actions

Date	Chamber	Action
2/9/2004	House	Filed with the Clerk by Rep. Jack D. Franks
2/9/2004	House	First Reading
2/9/2004	House	Referred to Rules Committee
1/11/2005	House	Session Sine Die

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