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<xml>
<title>Illinois General Assembly - Bill Status for HB 4273         </title>
<shortdesc>INC TX-SOUNDPROOFING</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Christine Winger-Michael P. McAuliffe and John C. D'Amico</sponsors>
</sponsor>
<lastaction>
<statusdate>1/10/2017</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/224 new</reference><aliasreference></aliasreference><SynopsisText>     Amends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to the amount paid by the taxpayer during the taxable year for the purpose of purchasing acoustical materials, other materials, labor, and professional services to soundproof a residential home against aircraft noise generated by an airport governed by the provisions of the Permanent Noise Monitoring Act. Provides that the credit may not reduce the taxpayer's liability to less than zero; however, the credit may be carried forward. Provides that the credit is exempt from the Act's automatic sunset provisions. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>8/13/2015</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Christine Winger</action>
<statusdate>8/14/2015</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. John C. D'Amico</action>
<statusdate>8/25/2015</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Michael P. McAuliffe</action>
<statusdate>8/25/2015</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>8/25/2015</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>1/10/2017</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

