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Home > Illinois > HB1260
Chief Sponsor:

Jim Watson

Tagged in: Energy, Exemptions, Tax

Latest Update: Tuesday, December, 02nd 2008

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USE/OCC TX-RENEWABLE ENERGY

Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Creates an exemption from taxation under the Acts for personal property that is or is a component in a renewable-energy system. Defines "renewable-energy system" to include a geothermal-energy system, solar-powered energy system, wind-powered energy system, corn burning stove, and fuel cell. Provides that the Acts' sunset provisions do not apply to these exemptions. Effective immediately.
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Latest Actions
  • 03/23/2007 - Rule 19(a) / Re-referred to Rules Committee
  • 02/20/2007 - Assigned to Revenue Committee
  • 02/15/2007 - First Reading
  • 02/15/2007 - Referred to Rules Committee
  • 02/14/2007 - Filed with the Clerk by Rep. Jim Watson
Bill Text
File name Last Updated
HB1260 Bill Text Introduced PDF07/03/2007