House Sponsors: LAWFER AND BOLAND. Short description: INC TX-CREDIT-LIVESTOCK FACIL Synopsis of Bill as introduced: Amends the Illinois Income Tax Act. Creates an income tax credit for a taxpayer that owns a livestock management facility in the amount of 5% of amounts spent by the taxpayer in the tax year on environmental equipment for the facility that will mitigate air and water quality problems. Provides that the Department of Agriculture, in cooperation with the Illinois Environmental Protection Agency, shall, by rule, determine what equipment qualifies for this credit. Provides that in no event shall the credit reduce the taxpayer's liability to below zero. Provides that the credit may be carried forward for 5 years. Provides that the credit applies to tax years beginning on or after January 1, 1999. Sunsets the credit after 5 years. Effective immediately. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status