Illinois House Bill 679 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on February 5 2009 - 25% progression, died in committee
Action: 2009-03-13 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Illinois Income Tax Act. Provides for a credit for taxpayers who, during the taxable year, install, on a building or property that is owned by the taxpayer and that is located in the State, a geothermal energy device and sets the amount of the credit at the lesser of (i) $5,000 or (ii) 50% of the actual cost of the acquisition and installation of the device. Provides that the credit may not be carried forward or back and may not reduce the taxpayer's liability to less than zero. Effective immediately.

INC TX-ALTERNATE ENERGY CREDIT

Rep. Fred Crespo [D]	Rep. Naomi Jakobsson [D]	Rep. Sidney Mathias [R]	Rep. Donald Moffitt [R]
Rep. David Reis [R]

Date	Chamber	Action
2009-03-13		Rule 19(a) / Re-referred to Rules Committee
2009-02-20		Added Co-Sponsor Rep. Fred Crespo
2009-02-18		Added Chief Co-Sponsor Rep. Naomi D. Jakobsson
2009-02-11		Added Co-Sponsor Rep. David Reis
2009-02-11		Assigned to Revenue & Finance Committee
2009-02-10		Added Chief Co-Sponsor Rep. Sidney H. Mathias
2009-02-06		Referred to Rules Committee
2009-02-06		First Reading
2009-02-05		Filed with the Clerk by Rep. Donald L. Moffitt

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=679&GAID=10&DocTypeID=HB&SessionID=76&GA=96
Text	https://www.ilga.gov/legislation/96/HB/09600HB0679.htm