IL HB5125 | 2025-2026 | 104th General Assembly
Status
Sponsorship: Partisan Bill (Democrat 17)
Status: Introduced on February 5 2026 - 25% progression, died in chamber
Action: 2026-05-30 - Added Co-Sponsor Rep. Norma Hernandez
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 5 2026 - 25% progression, died in chamber
Action: 2026-05-30 - Added Co-Sponsor Rep. Norma Hernandez
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Enterprise Zone Act. Provides that certain credits related to high impact businesses do not apply on or after the effective date of the amendatory Act. Amends the Illinois Income Tax Act. Provides that a construction jobs credit does not apply for taxable years ending on or after the effective date of the amendatory Act. Provides that a high impact business construction jobs credit does not apply for taxable years ending on or after the effective date of the amendatory Act. Makes changes concerning the business interest deduction. Creates an addition modification for the federal deduction for domestic research or experimental expenditures. Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Makes changes concerning incentives for biodiesel, renewable diesel, and biodiesel blends. Makes other changes.
Title
REVENUE-CREDITS-DEDUCTIONS
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2026-05-30 | House | Added Co-Sponsor Rep. Norma Hernandez |
| 2026-05-30 | House | Added Co-Sponsor Rep. Justin Cochran |
| 2026-05-30 | House | Added Co-Sponsor Rep. Amy Briel |
| 2026-05-30 | House | Added Chief Co-Sponsor Rep. Lilian Jiménez |
| 2026-05-30 | House | Added Chief Co-Sponsor Rep. Maura Hirschauer |
| 2026-05-30 | House | Added Chief Co-Sponsor Rep. Mary Beth Canty |
| 2026-05-30 | House | Added Chief Co-Sponsor Rep. Maurice A. West, II |
| 2026-05-07 | House | Added Co-Sponsor Rep. Nicolle Grasse |
| 2026-05-05 | House | Motion to Suspend Rule 21 - Prevailed 005-000-000 |
| 2026-05-05 | House | Motion Filed to Suspend Rule 21 Rules Committee; Rep. Kam Buckner |
| 2026-04-23 | House | Added Co-Sponsor Rep. Nabeela Syed |
| 2026-04-15 | House | Added Co-Sponsor Rep. Lisa Davis |
| 2026-04-10 | House | Added Co-Sponsor Rep. Dagmara Avelar |
| 2026-04-09 | House | Added Co-Sponsor Rep. Sonya M. Harper |
| 2026-04-02 | House | Added Co-Sponsor Rep. Michael Crawford |
| 2026-04-01 | House | Added Co-Sponsor Rep. La Shawn K. Ford |
| 2026-03-27 | House | Rule 19(a) / Re-referred to Rules Committee |
| 2026-03-26 | House | Added Co-Sponsor Rep. Ann M. Williams |
| 2026-03-04 | House | Assigned to Revenue & Finance Committee |
| 2026-02-20 | House | Added Co-Sponsor Rep. Rita Mayfield |
| 2026-02-10 | House | Referred to Rules Committee |
| 2026-02-10 | House | First Reading |
| 2026-02-05 | House | Filed with the Clerk by Rep. Lindsey LaPointe |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 20 | 655 | 13 | Amended Code | Citation Text |
| 20 | 655 | 5.5 | Amended Code | Citation Text |
| 35 | 10 | 5-51 | Amended Code | Citation Text |
| 35 | 105 | 3-10 | Amended Code | Citation Text |
| 35 | 105 | 3-5 | Amended Code | Citation Text |
| 35 | 105 | 3-5.1 | Amended Code | Citation Text |
| 35 | 105 | 3-50 | Amended Code | Citation Text |
| 35 | 110 | 2 | Amended Code | Citation Text |
| 35 | 110 | 3-10 | Amended Code | Citation Text |
| 35 | 115 | 2 | Amended Code | Citation Text |
| 35 | 115 | 3-10 | Amended Code | Citation Text |
| 35 | 120 | 2-10 | Amended Code | Citation Text |
| 35 | 120 | 2-45 | Amended Code | Citation Text |
| 35 | 5 | 201 | Amended Code | Citation Text |
| 35 | 5 | 203 | Amended Code | Citation Text |
| 35 | 5 | 221 | Amended Code | Citation Text |
| 65 | 115 | 10-10.3 | Amended Code | Citation Text |
