<?xml version='1.0' encoding='UTF-8'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 5380   </title>
<shortdesc>EFFICIENT GREEN IL TAX CREDIT</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Thomas Holbrook-Michael W. Tryon-Linda Chapa LaVia-Bob Biggins-Robert F. Flider, Careen M. Gordon and Lisa M. Dugan</sponsors>
</sponsor>
<lastaction>
<statusdate>1/11/2011</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>New Act</reference><aliasreference></aliasreference><reference>35 ILCS 5/219 new</reference><aliasreference></aliasreference><SynopsisText>     Creates the Efficient and Green Illinois Tax Credit Act. Authorizes the Department of Commerce and Economic Opportunity to award income tax credits based on 25% of the cost of qualifying expenditures for energy efficient projects, such as solar energy equipment, Energy Star certified heat pumps, lighting retrofit projects, and wind equipment. Authorizes the Department to adopt rules. Provides that the credit may be carried forward for up to 5 taxable years. Amends the Illinois Income Tax Act to make conforming changes. Provides that the credit is exempt from the Act's automatic sunset provisions. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/4/2010</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Thomas Holbrook</action>
<statusdate>2/5/2010</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/5/2010</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/10/2010</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Michael W. Tryon</action>
<statusdate>2/10/2010</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Linda Chapa LaVia</action>
<statusdate>2/10/2010</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Bob Biggins</action>
<statusdate>2/11/2010</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Robert F. Flider</action>
<statusdate>2/18/2010</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Careen M. Gordon</action>
<statusdate>2/18/2010</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Lisa M. Dugan</action>
<statusdate>3/2/2010</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>3/15/2010</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/11/2011</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

