HB 4947

  • Illinois House Bill
  • 94th Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Income Tax-Ethanol Credits

Abstract

Amends the Illinois Income Tax Act. Creates a $1,000 tax credit for each taxpayer who purchases a new E85 ethanol powered motor vehicle during the taxable year. Creates a $5,000 tax credit for each motor fuel retailer who installs one or more new E85 ethanol fuel dispensing pumps at his or her motor fuel retail store in Illinois during the taxable year. Limits the vehicle credit to one vehicle and the pump credit to one year. Provides that the credits may not reduce the taxpayer's liability to less than zero. Effective immediately.

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Jan 09, 2007

House

Session Sine Die

Feb 21, 2006

House

Added Chief Co-Sponsor Rep. Deborah L. Graham

Feb 17, 2006

House

Rule 19(a) / Re-referred to Rules Committee

Feb 08, 2006

House

Added Co-Sponsor Rep. John D'Amico

House

Added Co-Sponsor Rep. Linda Chapa LaVia

House

Added Co-Sponsor Rep. Daniel V. Beiser

House

Added Co-Sponsor Rep. Terry R. Parke

Feb 07, 2006

House

Added Co-Sponsor Rep. Charles E. Jefferson

Jan 31, 2006

House

Assigned to Revenue Committee

Jan 25, 2006

House

Added Chief Co-Sponsor Rep. Sidney H. Mathias

House

Added Co-Sponsor Rep. Lisa M. Dugan

Jan 19, 2006

House

First Reading

House

Referred to Rules Committee

House

Filed with the Clerk by Rep. Eddie Washington

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