Amends the Illinois Income Tax Act. Creates a deduction in an amount equal to 15% of the tax imposed under the Use Tax Act or the Retailers' Occupation Tax Act on the selling price of an alternative fuel vehicle or electric vehicle purchased during the taxable year. Effective immediately.
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Session Sine Die
Rule 19(a) / Re-referred to Rules Committee
Assigned to Revenue & Finance Committee
Added Chief Co-Sponsor Rep. Sidney H. Mathias
Filed with the Clerk by Rep. David Harris
Referred to Rules Committee
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