<?xml version='1.0' encoding='UTF-8'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 1468   </title>
<shortdesc>ELECTRIC EXCISE TAX-CREDIT</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Jack D. Franks</sponsors>
</sponsor>
<lastaction>
<statusdate>1/8/2013</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 640/2-5.5 new</reference><aliasreference></aliasreference><SynopsisText>     Amends the Electricity Excise Tax Law. Creates an alternative energy credit for taxpayers who construct facilities that generate electricity using alternative energy sources (including solar, wind, geothermal, landfill methane gas, fuel cells, and biomass). Provides that the credit shall be 0.18 cents per kilowatt hour generated by the alternative energy system. Provides that the credit shall sunset on January 1, 2019. Effective July 1, 2011.</SynopsisText></synopsis>
<actions>
<statusdate>2/10/2011</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Jack D. Franks</action>
<statusdate>2/14/2011</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/14/2011</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/15/2011</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>3/17/2011</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/8/2013</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

