IL SB3131 | 2023-2024 | 103rd General Assembly

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 2 2024 - 25% progression
Action: 2024-05-03 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Illinois Income Tax Act. Provides that each taxpayer that manufactures renewable diesel in Illinois is eligible for an income tax credit equal to $1 per whole gallon of renewable diesel manufactured by the taxpayer in Illinois and sold to a purchaser in Illinois. Effective immediately.

Tracking Information

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Title

INC TX-RENEWABLE DIESEL

Sponsors


History

DateChamberAction
2024-05-03SenateRule 3-9(a) / Re-referred to Assignments
2024-04-05SenateRule 2-10 Committee Deadline Established As May 3, 2024
2024-03-15SenateRule 2-10 Committee Deadline Established As April 5, 2024
2024-02-14SenateAssigned to Revenue
2024-02-02SenateReferred to Assignments
2024-02-02SenateFirst Reading
2024-02-02SenateFiled with Secretary by Sen. Patrick J. Joyce

Code Citations

ChapterArticleSectionCitation TypeStatute Text
355241New CodeSee Bill Text

Illinois State Sources


Bill Comments

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