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<xml>
<title>Illinois General Assembly - Bill Status for HB 5896   </title>
<shortdesc>FLEX FUEL INSTALLATION</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Roger L. Eddy-Wayne Rosenthal-Mike Bost</sponsors>
</sponsor>
<lastaction>
<statusdate>1/8/2013</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/223 new</reference><aliasreference></aliasreference><reference>415 ILCS 120/45</reference><aliasreference></aliasreference><reference>815 ILCS 365/5 new</reference><aliasreference></aliasreference><SynopsisText>     Amends the Motor Fuel Sales Act. Requires that, no later than December 31, 2016, there must be installed, at each gasoline station or service station, one or more new flex fuel dispensing pumps. Provides that the Department of Revenue shall impose a civil penalty of $100 per day upon the owner of any gasoline station or service station that does not comply with this requirement. Amends the Illinois Income Tax Act. Creates a tax credit, for taxable years ending on or after December 31, 2012 and on or before December 30, 2021, for taxpayers who install a new flex fuel dispensing pump at a gasoline station or service station in Illinois during the taxable year in the amount equal to the cost of that installation. Provides that the credit: (i) may not exceed $80,000 per pump; (ii) may not be claimed in any one taxable year in an amount exceeding $20,000 per pump, but any excess amount may be carried forward; and (iii) may not be claimed with respect to the installation of more than one flex fuel dispensing pump at any one station. Provides that the credit may be carried forward for 4 years. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/16/2012</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Roger L. Eddy</action>
<statusdate>2/16/2012</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/16/2012</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/24/2012</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Wayne Rosenthal</action>
<statusdate>2/24/2012</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Mike Bost</action>
<statusdate>1/8/2013</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

