INC TX-RENEWABLE FUELS House SponsorsRep. Barbara Wheeler 12/3/2014HouseSession Sine Die 35 ILCS 5/224 new Amends the Illinois Income Tax Act. Provides that each taxpayer that is engaged in the business of manufacturing renewable fuels is entitled to a credit in an amount equal to 1% of the basis of qualified property that (i) is used for the production of renewable fuels and (ii) is placed in service by the taxpayer during the taxable year. Provides that the credit may be carried forward for a period of 5 years and is exempt from the Act's automatic sunset provisions. Effective immediately. 2/26/2013HouseFiled with the Clerk by Rep. Barbara Wheeler 2/26/2013HouseFirst Reading 2/26/2013HouseReferred to Rules Committee 3/11/2013HouseAssigned to Revenue & Finance Committee 3/22/2013HouseRule 19(a) / Re-referred to Rules Committee 12/3/2014HouseSession Sine Die