90th General Assembly
Summary of HB0009
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House Sponsors:
BOST.

Senate Sponsors:
LUECHTEFELD

Short description: 
INC-TX-POLLUTION CONTROL CREDT                                             

Synopsis of Bill as introduced:
        Amends the Illinois Income Tax Act.  Creates an income tax credit      
   for companies that manufacture  air  pollution  control  equipment  or      
   continuous  emission  monitoring systems of 5% of the company's income      
   derived from the manufacture or production of  air  pollution  control      
   equipment  or  continuous  emission  monitoring systems if the company      
   locates or is located in a county that has an active,  operating  coal      
   mine  that  is  financially distressed or has had an active mine close      
   within the last 10 years.                                                   
        HOUSE AMENDMENT NO. 1.                                                 
        Grants the credit to companies that  locate  or  are  located  in      
   financially  distressed  counties  that have an active, operating coal      
   mine that has reduced its production or has had an  active  coal  mine      
   close  within  the  last  10  years  (now,  located in counties with a      
   financially distressed coal mine or counties that have had  an  active      
   coal  mine  close).   Provides  that  the  Department  of Commerce and      
   Community Affairs, after consulting with the Department of  Employment      
   Security,  (now,  the Environmental Protection Agency after consulting      
   with DCCA) shall define  "financially  distressed  county".   Provides      
   that  the credit shall not reduce  the company's tax liability to less      
   than zero.                                                                  
 
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   1     SENATE -   0


   END OF INQUIRY 



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