IL SB2202 | 2021-2022 | 102nd General Assembly

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 26 2021 - 25% progression, died in committee
Action: 2021-04-16 - Senate Committee Amendment No. 1 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 a taxpayer who purchases a manufactured home during the taxable year if: (i) the purchase is the first purchase of the manufactured home for use as a dwelling; and (ii) the taxpayer certifies that, within 30 days after the retail sale, the manufactured home will be affixed to a permanent foundation in the State so that the manufactured home is deemed to be real property. Provides that the credit shall be 50% of the purchase price of the manufactured home. Effective immediately.

Tracking Information

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Title

INC TAX-MANUFACTURED HOME CRED

Sponsors


History

DateChamberAction
2021-04-16SenateSenate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
2021-04-16SenateRule 3-9(a) / Re-referred to Assignments
2021-04-13SenateSenate Committee Amendment No. 1 Assignments Refers to Revenue
2021-04-08SenateSenate Committee Amendment No. 1 Referred to Assignments
2021-04-08SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Elgie R. Sims, Jr.
2021-03-16SenateAssigned to Revenue
2021-02-26SenateReferred to Assignments
2021-02-26SenateFirst Reading
2021-02-26SenateFiled with Secretary by Sen. Elgie R. Sims, Jr.

Code Citations

ChapterArticleSectionCitation TypeStatute Text
355232New CodeSee Bill Text

Illinois State Sources


Bill Comments

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