Illinois General Assembly - Bill Status for HB3306
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 Bill Status of HB3306  97th General Assembly


Short Description:  INC TX-ALTERNATE ENERGY CREDIT

House Sponsors
Rep. Chris Nybo - Michael Unes - Richard Morthland

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. Provides for a credit for taxpayers who, during the taxable year, install, on a building or property that is owned by the taxpayer and that is located in the State, a geothermal energy device and sets the amount of the credit at the lesser of (i) $5,000 or (ii) 50% of the actual cost of the acquisition and installation of the device. Provides that the credit may not be carried forward or back and may not reduce the taxpayer's liability to less than zero. Effective immediately.

Actions 
DateChamber Action
  2/24/2011HouseFiled with the Clerk by Rep. Chris Nybo
  2/24/2011HouseChief Co-Sponsor Rep. Michael Unes
  2/24/2011HouseChief Co-Sponsor Rep. Richard Morthland
  2/24/2011HouseFirst Reading
  2/24/2011HouseReferred to Rules Committee
  2/28/2011HouseAssigned to Revenue & Finance Committee
  3/17/2011HouseRule 19(a) / Re-referred to Rules Committee
  1/8/2013HouseSession Sine Die

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