<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 3335         </title>
<shortdesc>INC TX-GREENHOUSE DEDUCTION</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. John D. Cavaletto and Kelly M. Cassidy</sponsors>
</sponsor>
<lastaction>
<statusdate>12/3/2014</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/203</reference><aliasreference>from Ch. 120, par. 2-203</aliasreference><SynopsisText>     Amends the Illinois Income Tax Act. Provides that, beginning with taxable years ending on or after December 31, 2013 and ending with taxable years ending on or before December 31, 2018, an amount equal to 50% of the amount of expenses incurred by the taxpayer during a taxable year for the construction of a greenhouse or rehabilitation of a current facility to be used for greenhouse purposes may be deducted from the taxpayer's adjusted gross income. Provides that the taxpayer may elect to deduct 25% of the amount of these expenses in the taxable year in which they were incurred and to deduct the remaining 25% of the amount of these expenses in the next taxable year.</SynopsisText></synopsis>
<actions>
<statusdate>2/26/2013</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. John D. Cavaletto</action>
<statusdate>2/26/2013</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/26/2013</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>3/11/2013</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>3/20/2013</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Kelly M. Cassidy</action>
<statusdate>3/22/2013</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>12/3/2014</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

