Bill Status of SB3432 102nd General Assembly
Short Description: INC TX-SOUNDPROOFING
Sen. Laura M. Murphy
| 1/10/2017||Senate||Session Sine Die|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to the amount paid by the taxpayer during the taxable year for the purpose of purchasing acoustical materials, other materials, labor, and professional services to soundproof a residential home located at an eligible address against aircraft noise generated by an airport governed by the provisions of the Permanent Noise Monitoring Act. Provides that the credit may not reduce the taxpayer's liability to less than zero; however, the credit may be carried forward. Provides that the credit is exempt from the Act's automatic sunset provisions. Effective immediately.
|Date||Chamber|| Action|| 5/19/2016||Senate||Filed with Secretary by Sen. Laura M. Murphy|| 5/19/2016||Senate||First Reading|| 5/19/2016||Senate||Referred to Assignments|| 1/10/2017||Senate||Session Sine Die|