Illinois General Assembly - Bill Status for HB5896
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 Bill Status of HB5896  100th General Assembly


Short Description:  FLEX FUEL INSTALLATION

House Sponsors
Rep. Roger L. Eddy - Wayne Rosenthal - Mike Bost

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

Statutes Amended In Order of Appearance
35 ILCS 5/223 new
415 ILCS 120/45
815 ILCS 365/5 new


Synopsis As Introduced
Amends the Motor Fuel Sales Act. Requires that, no later than December 31, 2016, there must be installed, at each gasoline station or service station, one or more new flex fuel dispensing pumps. Provides that the Department of Revenue shall impose a civil penalty of $100 per day upon the owner of any gasoline station or service station that does not comply with this requirement. Amends the Illinois Income Tax Act. Creates a tax credit, for taxable years ending on or after December 31, 2012 and on or before December 30, 2021, for taxpayers who install a new flex fuel dispensing pump at a gasoline station or service station in Illinois during the taxable year in the amount equal to the cost of that installation. Provides that the credit: (i) may not exceed $80,000 per pump; (ii) may not be claimed in any one taxable year in an amount exceeding $20,000 per pump, but any excess amount may be carried forward; and (iii) may not be claimed with respect to the installation of more than one flex fuel dispensing pump at any one station. Provides that the credit may be carried forward for 4 years. Effective immediately.

Actions 
DateChamber Action
  2/16/2012HouseFiled with the Clerk by Rep. Roger L. Eddy
  2/16/2012HouseFirst Reading
  2/16/2012HouseReferred to Rules Committee
  2/24/2012HouseAdded Chief Co-Sponsor Rep. Wayne Rosenthal
  2/24/2012HouseAdded Chief Co-Sponsor Rep. Mike Bost
  1/8/2013HouseSession Sine Die

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