Jack D. Franks
- Democratic
Primary
Amends the Illinois Income Tax Act. Provides, for 5 taxable years, for an income tax credit for the purchase of an alternative fueled vehicle during the taxable year in the amount of $1,000 per vehicle purchased. Provides that the credit may not reduce the taxpayer's liability to less than zero but may be carried forward for 5 years. Effective immediately.
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Session Sine Die
Filed with the Clerk by Rep. Jack D. Franks
First Reading
Referred to Rules Committee
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