92nd General Assembly
Status of SB1042
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   35 ILCS 5/213 new                                                           
   35 ILCS 5/214 new                                                           

        Amends the Illinois Income Tax Act.  Allows a credit for the cost      
   paid or incurred by  a  taxpayer  during  the  taxable  year  for  the      
   purchase  or  lease  and  installation  of any power generation system      
   installed onsite  on  property  in  this  State,  subject  to  certain      
   limitations.   Allows an alternative credit for an amount equal to the      
   occupation or use tax paid or incurred during the taxable year for the      
   purchase  or  lease  of  any  power  generation  system.     Effective      
   FEB-22-2001  S  FIRST READING                                                  
   FEB-22-2001  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   FEB-28-2001  S       ASSIGNED TO COMMITTEE               REVENUE               
   MAR-31-2001  S  RE-REFERRED TO RULES COMM/RULE 3-9(A)    RULES                 
   MAY-31-2001  S            RULED EXEMPT UNDER SENATE RULE 3-9(B)        SRUL    
   MAY-31-2001  S                                           NOVEMBER 1, 2001.     
   MAY-31-2001  S       ASSIGNED TO COMMITTEE               REVENUE               
   NOV-02-2001  S  REFER TO RULES/PURSUANT SEN RULE 3-9 (B) RULES         SRUL    
   JAN-07-2003  S  SESSION SINE DIE                                               


 Full Text  Bill Summary