GA96HB679 96 HB 679 INC TX-ALTERNATE ENERGY CREDIT Amends the Illinois Income Tax Act. Provides for a credit for taxpayers who, during the taxable year, install, on a building or property that is owned by the taxpayer and that is located in the State, a geothermal energy device and sets the amount of the credit at the lesser of (i) $5,000 or (ii) 50% of the actual cost of the acquisition and installation of the device. Provides that the credit may not be carried forward or back and may not reduce the taxpayer's liability to less than zero. Effective immediately. http://www.ilga.gov/legislation/BillStatus.asp?DocNum=679&GAID=10&DocTypeID=HB&LegId=41150&SessionID=76&GA=96 2009-02-06 00:00:00 House Referred to Rules Committee 0 2 HRUL 2009-02-10 00:00:00 House Added Chief Co-Sponsor Rep. Sidney H. Mathias 0 3 2009-02-11 00:00:00 House Assigned to Revenue & Finance Committee 0 4 HREF 2009-02-11 00:00:00 House Added Co-Sponsor Rep. David Reis 0 5 2009-02-18 00:00:00 House Added Chief Co-Sponsor Rep. Naomi D. Jakobsson 0 6 2009-02-20 00:00:00 House Added Co-Sponsor Rep. Fred Crespo 0 7 2009-03-13 00:00:00 House Rule 19(a) / Re-referred to Rules Committee 1 8 HRUL 2009-02-06 00:00:00 House First Reading 1 1 2009-02-05 00:00:00 House Filed with the Clerk by Rep. Donald L. Moffitt 0 0 FredCrespo House Co-Sponsor DavidReis House Co-Sponsor NaomiDJakobsson House Chief Co-Sponsor SidneyHMathias House Chief Co-Sponsor DonaldLMoffitt House Chief Sponsor