HB 5285

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

Inc Tx-Motor Fuel Credit

Abstract

Amends the Illinois Income Tax Act. Creates a credit equal to 5% of the cost of motor fuel purchased in the State by the taxpayer during the taxable year for the operation of a commercial vehicle that has 2 or more axles. Provides that the credit may not be carried forward or back and may not reduce the taxpayer's liability to less than zero. Effective immediately.

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Jan 09, 2007

House

Session Sine Die

Jan 25, 2006

House

Filed with the Clerk by Rep. Rosemary Mulligan

House

First Reading

House

Referred to Rules Committee

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