Illinois General Assembly - Bill Status for HB5543
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 Bill Status of HB5543  9th General Assembly


House Sponsors
Rep. John D. Cavaletto - Renée Kosel - Mike Bost - Brad E. Halbrook

Last Action
DateChamber Action
  1/8/2013HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/203from Ch. 120, par. 2-203

Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that, beginning with taxable years ending on or after December 31, 2012 and ending with taxable years ending on or before December 31, 2017, an amount equal to 50% of the amount of expenses incurred by the taxpayer during a taxable year for the construction of a greenhouse or rehabilitation of a current facility to be used for greenhouse purposes may be deducted from the taxpayer's adjusted gross income. Provides that the taxpayer may elect to deduct 25% of the amount of these expenses in the taxable year in which they were incurred and to deduct the remaining 25% of the amount of these expenses in the next taxable year.

DateChamber Action
  2/14/2012HouseFiled with the Clerk by Rep. John D. Cavaletto
  2/15/2012HouseFirst Reading
  2/15/2012HouseReferred to Rules Committee
  2/24/2012HouseAdded Chief Co-Sponsor Rep. Renée Kosel
  2/24/2012HouseAdded Chief Co-Sponsor Rep. Mike Bost
  5/10/2012HouseAdded Chief Co-Sponsor Rep. Brad E. Halbrook
  1/8/2013HouseSession Sine Die

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