Illinois General Assembly - Bill Status for HB5933
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 Bill Status of HB5933  95th General Assembly

Short Description:  INC TX-CLEAN COAL CREDIT

House Sponsors
Rep. Mike Bost - Robert F. Flider

Last Action
DateChamber Action
  1/13/2009HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/218 new

Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates a credit, for taxable years ending on or after December 31, 2008, for taxpayers who operate a clean-coal-energy project in the State. Provides that the amount of the credit is an amount equal to the costs of that operation, but not to exceed $50,000. Defines "clean-coal-energy project" to include any project that employs the use of clean-coal technology, any coal-gasification project, and any project to provide pollution-control technology for existing coal plants. Provides that the credit may be carried forward for 5 years. Exempts the credit from the Act's sunset provisions. Effective immediately.

DateChamber Action
  2/15/2008HouseFiled with the Clerk by Rep. Mike Bost
  2/15/2008HouseFirst Reading
  2/15/2008HouseReferred to Rules Committee
  3/11/2008HouseAdded Chief Co-Sponsor Rep. Robert F. Flider
  1/13/2009HouseSession Sine Die

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