91st General Assembly
Status of SB1625
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VIVERITO.

   35 ILCS 5/212 new                                                           

        Amends the Illinois Income Tax Act.  Provides that,  for  taxable      
   years 2000 through 2004, each taxpayer who owns property in an airport      
   noise  zone  is entitled to an income tax credit in an amount equal to      
   5% of the amount spent by the taxpayer, up to  $10,000  in  a  taxable      
   year,  to  soundproof that property.  Provides that the tax credit may      
   not reduce the taxpayer's liability to  less  than  zero  but  may  be      
   carried forward for 5 taxable years. Effective immediately.                 
   00-02-01  S  FIRST READING                                                  
   00-02-01  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   01-01-09  S  SESSION SINE DIE                                               

   END OF INQUIRY 



 Full Text  Bill Summary