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<xml>
<title>Illinois General Assembly - Bill Status for HB 4735   </title>
<shortdesc>INC TX-ALTERNATE ENERGY CREDIT</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Renée Kosel and Mike Boland</sponsors>
</sponsor>
<lastaction>
<statusdate>1/13/2009</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/218 new</reference><aliasreference></aliasreference><SynopsisText>     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, solar, wind, or fuel cell energy device and sets the amount of the credit at the lesser of (i) $1,500 or (ii) 20% 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.</SynopsisText></synopsis>
<actions>
<statusdate>1/31/2008</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Renée Kosel</action>
<statusdate>2/1/2008</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/1/2008</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/20/2008</statusdate><chamber>House</chamber><action>Assigned to Revenue Committee</action>
<statusdate>3/5/2008</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Mike Boland</action>
<statusdate>3/14/2008</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/13/2009</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

