Bill Title: 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.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2013-01-08 - Session Sine Die [SB3723 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Amended	2012-05-17	HTML/Text	Link	View
Amended	2012-03-02	HTML/Text	Link	View
Introduced	2012-02-10	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois SB3723

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB3723 currently on file.

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