LAWFER, WAIT AND SLONE.
INC TX CREDIT-RIPARIAN STRIP
Synopsis of Bill as introduced:
Amends the Illinois Income Tax Act. Creates an income tax
credit, beginning in taxable years beginning on or after January 1,
1997 and ending with taxable years ending on or before December 30,
2002, for an owner of a riparian filter strip in an amount equal to
5% of the property tax that the owner paid on the riparian strip
during the taxable year.
HOUSE AMENDMENT NO. 1.
Deletes reference to:
35 ILCS 5/211 new
Adds reference to:
35 ILCS 200/10-152
35 ILCS 200/15-48 new
Deletes everything. Amends the Property Tax Code to exempt all
vegetative filter strips from property tax assessments. Changes the
width requirement for qualification as a vegetative filter strip to at
least 10-25 feet and up to 66 feet in width.
HOUSE AMENDMENT NO. 2.
Replaces the specified width limitation for a vegetative filter
strip with the requirement that the strip meet the standards and
specifications set forth in the Natural Resources Conservation Service
Last action on Bill: SESSION SINE DIE
Last action date: 99-01-12
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 2 SENATE - 0
END OF INQUIRY
Full Text Bill Status