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91_HB0229
LRB9101126PTpk
1 AN ACT to amend the Illinois Income Tax Act by adding
2 Section 211.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Illinois Income Tax Act is amended by
6 adding Section 211 as follows:
7 (35 ILCS 5/211 new)
8 Sec. 211. Tax credit for companies producing air
9 pollution control equipment. Beginning with taxable years
10 beginning on or after January 1, 1999 and ending with taxable
11 years ending on or before December 30, 2009, every company
12 that (i) manufactures air pollution control equipment such as
13 after burners, carbon absorbers, fabric filters, or scrubbers
14 that are designed to reduce sulfur dioxide or carbon monoxide
15 emissions in accordance with the Clean Air Act of 1990 or
16 (ii) produces continuous emission monitoring systems shall be
17 entitled to a tax credit equal to 5% of the company's income
18 derived from the manufacture or production of air pollution
19 control equipment or continuous emission monitoring systems
20 if the company locates or is currently located in a county
21 that has an active, operating coal mine that is financially
22 distressed or has had an active coal mine close within the
23 last 10 years. The Illinois Environmental Protection Agency,
24 after consulting with the Department of Commerce and
25 Community Affairs, shall define "financially distressed coal
26 mine" by administrative rule.
27 Section 99. Effective date. This Act takes effect upon
28 becoming law.