Bill Title: 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.
Spectrum: Bipartisan Bill
Status: (Introduced - Dead) 2009-03-13 - Rule 19(a) / Re-referred to Rules Committee
[HB0679 Detail]
Bill Drafts
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Amendments
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| No bill amendments currently on file for Illinois HB0679 |
Supplemental Documents
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| No supplemental documents for Illinois HB0679 currently on file. |
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