92nd General Assembly
Summary of SB1042
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 Full Text  Bill Status
Senate Sponsors:
CULLERTON.

Short description: 
INC TAX-POWER GENERATN CREDIT                                              

Synopsis of Bill as introduced:
        Amends the Illinois Income Tax Act.  Allows a credit for the cost      
   paid or incurred by  a  taxpayer  during  the  taxable  year  for  the      
   purchase  or  lease  and  installation  of any power generation system      
   installed onsite  on  property  in  this  State,  subject  to  certain      
   limitations.   Allows an alternative credit for an amount equal to the      
   occupation or use tax paid or incurred during the taxable year for the      
   purchase  or  lease  of  any  power  generation  system.     Effective      
   immediately.                                                                
 
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: Senate

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


   END OF INQUIRY 



 Full Text  Bill Status