Illinois General Assembly - Bill Status for HB3316
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 Bill Status of HB3316  98th General Assembly

Short Description:  EDGE-REFUND-ETHANOL

House Sponsors
Rep. Norine Hammond

Last Action
DateChamber Action
  12/3/2014HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/211
35 ILCS 10/5-45

Synopsis As Introduced
Amends the Economic Development for a Growing Economy Tax Credit Act and the Illinois Income Tax Act. Provides that, with respect to any project located at an ethanol plant, if the amount of the credit exceeds the taxpayer's Illinois income tax liability for the taxable year, then the excess credit amounts may be refunded to the taxpayer. Provides that refundable credits may not be transferred to a separate business firm or to a non-ethanol producing subsidiary of the same firm. Effective immediately.

DateChamber Action
  2/26/2013HouseFiled with the Clerk by Rep. Norine Hammond
  2/26/2013HouseFirst Reading
  2/26/2013HouseReferred to Rules Committee
  3/11/2013HouseAssigned to Revenue & Finance Committee
  3/22/2013HouseRule 19(a) / Re-referred to Rules Committee
  12/3/2014HouseSession Sine Die

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