Illinois hybrid tax credit

lkhensley · Aug 8, 2006

Does anyone know if Illinois offers any tax credit? I read something about $500 but wasn't sure if that is applicable yet. Thanks!

quagmire0 · Aug 9, 2006

<div class='quotetop'>QUOTE(Lauren @ Aug 8 2006, 04:11 PM) [snapback]299797[/snapback]</div>

Does anyone know if Illinois offers any tax credit? I read something about $500 but wasn't sure if that is applicable yet. Thanks!
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Got this off the Sierra website:

Providing a $500 Tax Credit for a Purchase of Hybrid or Clean Car

Our Position: support
Bill Number: HB4163
Sponsor: Rep. William Black (R-104)
Legislative Session: 94th Legislative Session
Amends the Illinois Income Tax Act. For tax years ending on or after December 31, 2007 through tax years ending on or before December 30, 2008, creates a $500 income tax credit for each taxpayer who purchases, at retail during the tax year, a hybrid vehicle or a flexible fuel vehicle.
Status
1/18/06 - Reps. Lisa Dugan (D-79) and Sidney Mathias (R-53) added as chief co-sponsors
10/27/05 - Referred to Rules Committee

Detailed status at the General Assembly web site
Action Needed[/b]
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Looks like it's still on the block. If it takes effect, it won't be until 2007.

Illinois hybrid tax credit

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