Sandy Cole
- 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
Added Chief Co-Sponsor Rep. Wayne Rosenthal
Added Chief Co-Sponsor Rep. Mike Bost
Added Co-Sponsor Rep. Paul Evans
Added Co-Sponsor Rep. Donald L. Moffitt
Added Chief Co-Sponsor Rep. Mike Fortner
Added Chief Co-Sponsor Rep. Sidney H. Mathias
Referred to Rules Committee
Filed with the Clerk by Rep. Sandy Cole
First Reading
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