IL SB3723 | 2011-2012 | 97th General Assembly

Status

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Amended) [HTML]

Summary

Amends the Illinois Income Tax Act. Creates a credit for taxpayers who make a purchase of green power during the taxable year. Provides that the credit shall be in an amount equal to 5% of the amount expended if the taxpayer is a purchaser of Illinois-based green power and 3% of the amount expended if the taxpayer is a purchaser of green power from a source outside of Illinois. Defines "green power" as electricity or natural gas produced from renewable or non-polluting technologies including, but not limited to, air turbines (windmills), geothermal power plants, hydropower plants, solar cells or biomass. Effective immediately.

Tracking Information

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Title

INC TX-CREDIT FOR GREEN POWER

Sponsors


History

DateChamberAction
2013-01-08SenateSession Sine Die
2012-07-01SenateSenate Floor Amendment No. 2 Re-referred to Assignments; Pursuant to Senate Rule 3-9(b).
2012-07-01SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments
2012-05-23SenateSenate Floor Amendment No. 2 Postponed - Revenue
2012-05-17SenateSenate Floor Amendment No. 2 Assignments Refers to Revenue
2012-05-17SenateSenate Floor Amendment No. 2 Referred to Assignments
2012-05-17SenateSenate Floor Amendment No. 2 Filed with Secretary by Sen. Don Harmon
2012-05-11SenateRule 2-10 Third Reading Deadline Established As May 25, 2012
2012-05-02SenatePlaced on Calendar Order of 2nd Reading May 3, 2012
2012-05-02SenateDo Pass as Amended Revenue; 006-003-000
2012-05-02SenateSenate Committee Amendment No. 1 Adopted
2012-05-02SenateReported Back To Revenue; 002-000-001
2012-05-02SenateSenate Committee Amendment No. 1 Reported Back To Revenue; 003-000-000
2012-04-26SenateRule 2-10 Committee/3rd Reading Deadline Established As May 11, 2012
2012-03-30SenateRule 2-10 Committee/3rd Reading Deadline Established As April 26, 2012
2012-03-09SenateRule 2-10 Committee Deadline Established As March 30, 2012
2012-03-08SenateTo Revenue Subcommittee on Tax Credits
2012-03-08SenateSenate Committee Amendment No. 1 To Revenue Subcommittee on Tax Credits
2012-03-06SenateSenate Committee Amendment No. 1 Assignments Refers to Revenue
2012-03-02SenateSenate Committee Amendment No. 1 Referred to Assignments
2012-03-02SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Don Harmon
2012-02-24SenateAssigned to Revenue
2012-02-10SenateReferred to Assignments
2012-02-10SenateFirst Reading
2012-02-10SenateFiled with Secretary by Sen. Don Harmon

Code Citations

ChapterArticleSectionCitation TypeStatute Text
355223New CodeSee Bill Text

Illinois State Sources


Bill Comments

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