91st General Assembly
Summary of SB1401
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Short description: 
INC TAX-COUNTIES-TELECOM FAC                                               

Synopsis of Bill as introduced:
        Amends the  Illinois  Income  Tax  Act  and  the  Counties  Code.      
   Creates an income tax deduction for corporations in an amount equal to      
   25%  of  the  original  cost  of  construction and installation of any      
   cellular tower or like facility for  which  an  agreement  to  jointly      
   share with another telecommunications carrier has been entered into or      
   otherwise renewed or extended after January 1, 1999. Provides that the      
   deduction  is  available in tax years beginning on or after January 1,      
   2000 and ending on  or  before  December  30,  2005.  In  designing  a      
   telecommunications  facility,  provides  that a carrier shall abide by      
   certain  guidelines,  rather  than  merely  consider  the  guidelines.      
   Provides that in a public hearing on facility siting, the county board      
   shall consider whether the facility design  reflects  full  compliance      
   with  the  guidelines,  rather  than  consider the extent to which the      
   design reflects compliance.  Effective immediately.                         
 
Last action on Bill: SESSION SINE DIE

   Last action date: 01-01-09

           Location: Senate

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


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 Full Text  Bill Status