HB 3335

  • Illinois House Bill
  • 98th Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Inc Tx-Greenhouse Deduction

Abstract

Amends the Illinois Income Tax Act. Provides that, beginning with taxable years ending on or after December 31, 2013 and ending with taxable years ending on or before December 31, 2018, an amount equal to 50% of the amount of expenses incurred by the taxpayer during a taxable year for the construction of a greenhouse or rehabilitation of a current facility to be used for greenhouse purposes may be deducted from the taxpayer's adjusted gross income. Provides that the taxpayer may elect to deduct 25% of the amount of these expenses in the taxable year in which they were incurred and to deduct the remaining 25% of the amount of these expenses in the next taxable year.

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Dec 03, 2014

House

Session Sine Die

Mar 22, 2013

House

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

Mar 20, 2013

House

Added Co-Sponsor Rep. Kelly M. Cassidy

Mar 11, 2013

House

Assigned to Revenue & Finance Committee

Feb 26, 2013

House

Filed with the Clerk by Rep. John D. Cavaletto

House

Referred to Rules Committee

House

First Reading

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