Bill Title: Amends the Illinois Income Tax Act. Provides that persons that purchase a new motor vehicle with a gross vehicle weight rating of 33,000 pounds or more that uses natural gas as a motor fuel are entitled to an income tax credit equal to the lesser of $18,000 or half the difference between the purchase price of the natural gas vehicle and a similarly equipped gasoline or diesel vehicle of the same make and model. Amends the Motor Fuel Tax Law. Provides that motor carriers that employ natural gas vehicles are entitled to a refund on taxes paid under the Motor Fuel Tax Law equal to 12% of the taxes paid on the purchase of natural gas. Amends the Illinois Vehicle Code. Provides that the weight limitations on motor vehicles are increased by 2,000 pounds for vehicles that use natural gas as a motor fuel.

Spectrum: Partisan Bill (Democrat 5-0)

Status: (Passed) 2014-08-22 - Public Act . . . . . . . . . 98-1029 [SB3574 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Chaptered	2014-08-22	HTML/Text	Link	View
Enrolled	2014-06-03	HTML/Text	Link	View
Amended	2014-05-09	HTML/Text	Link	View
Engrossed	2014-04-09	HTML/Text	Link	View
Amended	2014-04-04	HTML/Text	Link	View
Amended	2014-03-20	HTML/Text	Link	View
Introduced	2014-02-14	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois SB3574

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB3574 currently on file.

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