INC TX-ALT FUEL VEHICLE CREDIT
Summary
Amends the Illinois Income Tax Act. Provides, for 5 taxable years, for an income tax credit for the purchase of an alternative fueled vehicle during the taxable year in the amount of $1,000 per vehicle purchased. Provides that the credit may not reduce the taxpayer's liability to less than zero but may be carried forward for 5 years. Effective immediately.
Bill status
failed
1 of 4 stages cleared
Introduction
Jan 2005
Committee Review
Floor Vote
Governor
Introduced Jan 28, 2005
Last action Jan 9, 2007
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
16
Key actions
0
Committee
3
Jan 9, 2007
House · Failed
Session Sine Die
Mar 10, 2005
House · Referred to committee
Rule 19(a) / Re-referred to Rules Committee
Feb 3, 2005
House · Referred to committee
Assigned to Revenue Committee
Jan 31, 2005
House · Referred to committee
Referred to Rules Committee
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
Jack D. Franks
DDemocratic
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