IL SB2075 | 2023-2024 | 103rd General Assembly
Status
Spectrum: Moderate Partisan Bill (Republican 8-1)
Status: Introduced on February 9 2023 - 25% progression
Action: 2024-04-05 - Rule 2-10 Committee Deadline Established As May 3, 2024
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 9 2023 - 25% progression
Action: 2024-04-05 - Rule 2-10 Committee Deadline Established As May 3, 2024
Text: Latest bill text (Introduced) [HTML]
Summary
Amends Illinois Income Tax Act. Creates a legacy tax credit for businesses that are headquartered in the State. Creates an employee tax credit and a collective bargaining employee tax credit. Effective immediately.
Title
DCEO-TAX CREDIT REPORT
Sponsors
| Sen. Seth Lewis [R] | Sen. Javier Cervantes [D] | Sen. Dave Syverson [R] | Sen. Win Stoller [R] |
| Sen. Andrew Chesney [R] | Sen. Craig Wilcox [R] | Sen. Sally Turner [R] | Sen. Neil Anderson [R] |
| Sen. Donald DeWitte [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2024-04-05 | Senate | Rule 2-10 Committee Deadline Established As May 3, 2024 |
| 2024-03-15 | Senate | Rule 2-10 Committee Deadline Established As April 5, 2024 |
| 2024-02-07 | Senate | Added as Co-Sponsor Sen. Donald P. DeWitte |
| 2024-01-26 | Senate | Added as Co-Sponsor Sen. Neil Anderson |
| 2024-01-10 | Senate | Re-assigned to Revenue |
| 2023-07-18 | Senate | Added as Co-Sponsor Sen. Sally J. Turner |
| 2023-04-17 | Senate | Added as Co-Sponsor Sen. Craig Wilcox |
| 2023-03-30 | Senate | Added as Co-Sponsor Sen. Andrew S. Chesney |
| 2023-03-29 | Senate | Added as Co-Sponsor Sen. Win Stoller |
| 2023-03-28 | Senate | Added as Co-Sponsor Sen. Dave Syverson |
| 2023-03-10 | Senate | Rule 3-9(a) / Re-referred to Assignments |
| 2023-02-21 | Senate | Added as Co-Sponsor Sen. Javier L. Cervantes |
| 2023-02-21 | Senate | Assigned to Revenue |
| 2023-02-09 | Senate | Referred to Assignments |
| 2023-02-09 | Senate | First Reading |
| 2023-02-09 | Senate | Filed with Secretary by Sen. Seth Lewis |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 35 | 5 | 234 | New Code | See Bill Text |
| 35 | 5 | 235 | New Code | See Bill Text |
| 35 | 5 | 240 | New Code | See Bill Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2075&GAID=17&DocTypeID=SB&SessionID=112&GA=103 |
| Text | https://www.ilga.gov/legislation/103/SB/10300SB2075.htm |
