Donald L. Moffitt
- Republican
Primary
Amends the Illinois Income Tax Act. Provides for a credit for taxpayers who, during the taxable year, install, on a building or property that is owned by the taxpayer and that is located in the State, a geothermal energy device and sets the amount of the credit at the lesser of (i) $5,000 or (ii) 50% of the actual cost of the acquisition and installation of the device. 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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Session Sine Die
Rule 19(a) / Re-referred to Rules Committee
Added Co-Sponsor Rep. Fred Crespo
Added Chief Co-Sponsor Rep. Naomi D. Jakobsson
Added Co-Sponsor Rep. David Reis
Assigned to Revenue & Finance Committee
Added Chief Co-Sponsor Rep. Sidney H. Mathias
Referred to Rules Committee
First Reading
Filed with the Clerk by Rep. Donald L. Moffitt
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