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<xml>
<title>Illinois General Assembly - Bill Status for HB 5807   </title>
<shortdesc>INC TAX-WIND TURBINE</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. David Reis-Sandy Cole-Michael W. Tryon-Darlene J. Senger-Mike Bost, Jim Sacia, Roger L. Eddy, Rich Brauer, Bob Biggins, Patricia R. Bellock, JoAnn D. Osmond and John D. Cavaletto</sponsors>
</sponsor>
<lastaction>
<statusdate>1/11/2011</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/219 new</reference><aliasreference></aliasreference><SynopsisText>     Amends the Illinois Income Tax Act. Authorizes a credit to taxpayers who are wind turbine manufacturers equal to 30% of the Illinois income tax attributable to income from the sale of wind turbines. A taxpayer may claim the credit for only one taxable year. Provides that the credit may not reduce the taxpayer's liability to less than zero and may not be carried back, but may be carried forward and applied to the tax liability of the 3 taxable years following the excess credit year. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/10/2010</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. David Reis</action>
<statusdate>2/10/2010</statusdate><chamber>House</chamber><action>Chief Co-Sponsor Rep. Sandy Cole</action>
<statusdate>2/10/2010</statusdate><chamber>House</chamber><action>Chief Co-Sponsor Rep. Michael W. Tryon</action>
<statusdate>2/10/2010</statusdate><chamber>House</chamber><action>Chief Co-Sponsor Rep. Darlene J. Senger</action>
<statusdate>2/10/2010</statusdate><chamber>House</chamber><action>Chief Co-Sponsor Rep. Mike Bost</action>
<statusdate>2/10/2010</statusdate><chamber>House</chamber><action>Co-Sponsor Rep. Jim Sacia</action>
<statusdate>2/10/2010</statusdate><chamber>House</chamber><action>Co-Sponsor Rep. Roger L. Eddy</action>
<statusdate>2/10/2010</statusdate><chamber>House</chamber><action>Co-Sponsor Rep. Rich Brauer</action>
<statusdate>2/10/2010</statusdate><chamber>House</chamber><action>Co-Sponsor Rep. Bob Biggins</action>
<statusdate>2/10/2010</statusdate><chamber>House</chamber><action>Co-Sponsor Rep. Patricia R. Bellock</action>
<statusdate>2/10/2010</statusdate><chamber>House</chamber><action>Co-Sponsor Rep. JoAnn D. Osmond</action>
<statusdate>2/10/2010</statusdate><chamber>House</chamber><action>Co-Sponsor Rep. John D. Cavaletto</action>
<statusdate>2/10/2010</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/10/2010</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/22/2010</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>3/15/2010</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>5/25/2010</statusdate><chamber>House</chamber><action>Motion Filed to Discharge Rules Committee Rep. William B. Black</action>
<statusdate>5/25/2010</statusdate><chamber>House</chamber><action>Objects to Motion Rep. Barbara Flynn Currie</action>
<statusdate>5/25/2010</statusdate><chamber>House</chamber><action>Chair Rules Motion Lost</action>
<statusdate>5/25/2010</statusdate><chamber>House</chamber><action>Motion Discharge Committee Lost</action>
<statusdate>5/25/2010</statusdate><chamber>House</chamber><action>Appeal Ruling of Chair Rep. William B. Black</action>
<statusdate>5/25/2010</statusdate><chamber>House</chamber><action>Shall the Chair be Sustained</action>
<statusdate>5/25/2010</statusdate><chamber>House</chamber><action>Motion to Sustain the Chair - Prevailed 068-048-000</action>
<statusdate>1/11/2011</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

