INC TX-ALT FUEL VEHICLE CREDIT House SponsorsRep. Jack D. Franks 1/11/2005HouseSession Sine Die 35 ILCS 5/216 new Amends the Illinois Income Tax Act. Provides, for 5 taxable years, for an income tax credit for the purchase of an alternative fueled vehicle during the taxable year in the amount of $1,000 per vehicle purchased. Provides that the credit may not reduce the taxpayer's liability to less than zero but may be carried forward for 5 years. Effective immediately. 2/9/2004HouseFiled with the Clerk by Rep. Jack D. Franks 2/9/2004HouseFirst Reading 2/9/2004HouseReferred to Rules Committee 1/11/2005HouseSession Sine Die