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HB 5807 Illinois House · 96th Regular Session

INC TAX-WIND TURBINE

Summary
Amends the Illinois Income Tax Act. Authorizes a credit to taxpayers who are wind turbine manufacturers equal to 30% of the Illinois income tax attributable to income from the sale of wind turbines. A taxpayer may claim the credit for only one taxable year. Provides that the credit may not reduce the taxpayer's liability to less than zero and may not be carried back, but may be carried forward and applied to the tax liability of the 3 taxable years following the excess credit year. Effective immediately.
Bill status failed 2 of 4 stages cleared
Introduction
May 2010
Committee Review
May 2010
House Failed
May 2010
Governor
Introduced May 25, 2010 Last action Jan 11, 2011
Floor votes · House May 25, 2010

How they voted

59–46
Failed · 1 other
Total votes 106
May 25, 2010
D Democratic61
59 Yea 1 Nay 1
96% Yea
R Republican45
45 Nay
100% Nay
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
25
Key actions
2
Committee
5
May 25, 2010
Lower · Passed
Motion Discharge Committee Lost
lower
May 25, 2010
Lower · Passed
Motion Filed to Discharge Rules Committee Rep. William B. Black
lower
May 25, 2010
Vote failed
House Vote: fail (59-46-1)
house
Mar 15, 2010
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Feb 22, 2010
Committee
Assigned to Revenue & Finance Committee
lower
Feb 10, 2010
Committee
Referred to Rules Committee
lower
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.