HB 2522 Illinois House · 94th Regular Session

INC TX-ETHANOL SALES CREDIT

Summary

Amends the Illinois Income Tax Act. Allows credits of $10,000 for high-impact ethanol retailers and high-impact biodiesel retailers. Defines "high-impact ethanol retailer" as a motor fuel retailer who has been certified by the Department as being one of the top 25 retailers in the sale of motor-fuel ethanol in the State during the previous calendar year, and defines "high-impact biodiesel retailer" as a motor fuel retailer who has been certified by the Department as being one of the top 25 retailers in the sale of biodiesel in the State during the previous calendar year. Provides that the credits may not be carried forward or back and may not reduce a taxpayer's liability to less than zero. Effective immediately.

Bill status failed 1 of 4 stages cleared

Introduction

Feb 2005

Committee Review

Floor Vote

Governor

Introduced Feb 18, 2005 Last action Jan 9, 2007

Floor votes

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Full legislative history

Actions timeline

Total actions

Key actions

Committee

Jan 9, 2007

House · Failed

Session Sine Die

Mar 10, 2005

House · Referred to committee

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

Mar 10, 2005

House · Reported by committee

Remains in Revenue Committee

Mar 10, 2005

House · Reported by committee

Recommends Be Adopted Sub-committee/ Revenue Committee; 001-000-002; Lost

Feb 23, 2005

House · Referred to committee

Assigned to Revenue Committee

Feb 18, 2005

House · Referred to committee

Referred to Rules Committee

0 primary · 1 co-sponsor