INCOME TAX-ETHANOL CREDITS House SponsorsRep. Eddie Washington-Sidney H. Mathias-Deborah L. Graham, Lisa M. Dugan, Charles E. Jefferson, John D'Amico, Linda Chapa LaVia, Daniel V. Beiser and Terry R. Parke 1/9/2007HouseSession Sine Die 35 ILCS 5/216 new35 ILCS 5/217 new Amends the Illinois Income Tax Act. Creates a $1,000 tax credit for each taxpayer who purchases a new E85 ethanol powered motor vehicle during the taxable year. Creates a $5,000 tax credit for each motor fuel retailer who installs one or more new E85 ethanol fuel dispensing pumps at his or her motor fuel retail store in Illinois during the taxable year. Limits the vehicle credit to one vehicle and the pump credit to one year. Provides that the credits may not reduce the taxpayer's liability to less than zero. Effective immediately. 1/19/2006HouseFiled with the Clerk by Rep. Eddie Washington 1/19/2006HouseFirst Reading 1/19/2006HouseReferred to Rules Committee 1/25/2006HouseAdded Co-Sponsor Rep. Lisa M. Dugan 1/25/2006HouseAdded Chief Co-Sponsor Rep. Sidney H. Mathias 1/31/2006HouseAssigned to Revenue Committee 2/7/2006HouseAdded Co-Sponsor Rep. Charles E. Jefferson 2/8/2006HouseAdded Co-Sponsor Rep. John D'Amico 2/8/2006HouseAdded Co-Sponsor Rep. Linda Chapa LaVia 2/8/2006HouseAdded Co-Sponsor Rep. Daniel V. Beiser 2/8/2006HouseAdded Co-Sponsor Rep. Terry R. Parke 2/17/2006HouseRule 19(a) / Re-referred to Rules Committee 2/21/2006HouseAdded Chief Co-Sponsor Rep. Deborah L. Graham 1/9/2007HouseSession Sine Die