Illinois House Bill 5855 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Moderate Partisan Bill (Republican 6-1)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
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. Sandy Cole [R]	Rep. Mike Fortner [R]	Rep. Sidney Mathias [R]	Rep. Wayne Rosenthal [R]
Rep. Mike Bost [R]	Rep. Paul Evans [D]	Rep. Donald Moffitt [R]

Date	Chamber	Action
2013-01-08	House	Session Sine Die
2012-02-24	House	Added Co-Sponsor Rep. Donald L. Moffitt
2012-02-24	House	Added Co-Sponsor Rep. Paul Evans
2012-02-24	House	Added Chief Co-Sponsor Rep. Mike Bost
2012-02-24	House	Added Chief Co-Sponsor Rep. Wayne Rosenthal
2012-02-24	House	Added Chief Co-Sponsor Rep. Sidney H. Mathias
2012-02-24	House	Added Chief Co-Sponsor Rep. Mike Fortner
2012-02-16	House	Referred to Rules Committee
2012-02-16	House	First Reading
2012-02-16	House	Filed with the Clerk by Rep. Sandy Cole

Chapter	Article	Section	Citation Type	Statute Text
35	5	223	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=5855&GAID=11&DocTypeID=HB&SessionID=84&GA=97
Text	https://www.ilga.gov/legislation/97/HB/09700HB5855.htm