IL SB0141 | 2023-2024 | 103rd General Assembly

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 24 2023 - 25% progression
Action: 2023-03-10 - 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. Creates an income tax credit for taxpayers who make an investment in depreciable property used primarily to collect or process reclaimable material or to manufacture products from reclaimed material. Sets forth the amount of the credit. Effective immediately.

Tracking Information

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Title

INC TX-RECYCLING PROGRAMS

Sponsors


History

DateChamberAction
2023-03-10SenateRule 3-9(a) / Re-referred to Assignments
2023-01-31SenateAssigned to Revenue
2023-01-24SenateReferred to Assignments
2023-01-24SenateFirst Reading
2023-01-24SenateFiled with Secretary by Sen. Jil Tracy

Code Citations

ChapterArticleSectionCitation TypeStatute Text
355234New CodeSee Bill Text

Illinois State Sources


Bill Comments

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