<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 5543   </title>
<shortdesc>INC TX-ALT VEHICLE CREDIT</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Elizabeth Coulson</sponsors>
</sponsor>
<lastaction>
<statusdate>1/9/2007</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/216 new</reference><aliasreference></aliasreference><SynopsisText>     Amends the Illinois Income Tax Act. Creates an income tax credit for individual taxpayers in an amount equal to the taxpayer's federal income tax credit for alternative motor vehicles. 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>1/27/2006</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Elizabeth Coulson</action>
<statusdate>1/27/2006</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>1/27/2006</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>1/9/2007</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

