Illinois House Bill 1250

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Spectrum: Partisan Bill (Republican 6-0)
Status: Introduced on January 18 2023 - 25% progression
Action: 2023-11-08 - Added Co-Sponsor Rep. Dave Severin
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Illinois Income Tax Act. Creates an energy price relief income tax credit. Sets forth the amount of the credit, which shall be a percentage of the total amount paid by the taxpayer during the taxable year for energy supplied to a property in the State. Provides that the Department of Commerce and Economic Opportunity may award no more than $50,000,000 in credits under these provisions in any fiscal year. Provides that the credit may be carried forward. Amends the Illinois Administrative Procedure Act to provide for emergency rulemaking. Effective immediately.

INC TX-ELECTRIC CREDIT

Rep. Michael Marron [R]	Rep. Tony McCombie [R]	Rep. Daniel Swanson [R]	Rep. Norine Hammond [R]
Rep. Tom Weber [R]	Rep. Dave Severin [R]

Date	Chamber	Action
2023-11-08	House	Added Co-Sponsor Rep. Dave Severin
2023-11-08	House	Added Co-Sponsor Rep. Tom Weber
2023-08-08	House	Added Co-Sponsor Rep. Norine K. Hammond
2023-06-22	House	Added Co-Sponsor Rep. Dan Swanson
2023-05-09	House	Added Co-Sponsor Rep. Tony M. McCombie
2023-01-31	House	Referred to Rules Committee
2023-01-31	House	First Reading
2023-01-18	House	Filed with the Clerk by Rep. Michael T. Marron

Chapter	Article	Section	Citation Type	Statute Text
35	5	240	New Code	See Bill Text
5	100	5-45.34	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1250&GAID=17&DocTypeID=HB&SessionID=112&GA=103
Text	https://www.ilga.gov/legislation/103/HB/10300HB1250.htm