Michael T. Marron
- Republican
Primary
Amends the Illinois Income Tax Act. Creates an energy price relief income tax credit. Sets forth the amount of the credit, which shall be a percentage of the total amount paid by the taxpayer during the taxable year for energy supplied to a property in the State. Provides that the Department of Commerce and Economic Opportunity may award no more than $50,000,000 in credits under these provisions in any fiscal year. Provides that the credit may be carried forward. Amends the Illinois Administrative Procedure Act to provide for emergency rulemaking. Effective immediately.
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Added Co-Sponsor Rep. Dave Severin
Added Co-Sponsor Rep. Tom Weber
Added Co-Sponsor Rep. Norine K. Hammond
Added Co-Sponsor Rep. Dan Swanson
Added Co-Sponsor Rep. Tony M. McCombie
Referred to Rules Committee
First Reading
Filed with the Clerk by Rep. Michael T. Marron
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