IL SB2219 | 2023-2024 | 103rd General Assembly
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 10 2023 - 25% progression
Action: 2023-02-10 - Referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 10 2023 - 25% progression
Action: 2023-02-10 - Referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Creates the Community Revitalization Zone Act. Provides that a county or municipality may designate an area within its jurisdiction as a community redevelopment zone, subject to the certification of the Department of Commerce and Economic Opportunity. Sets forth the criteria for designation as a community redevelopment zone. Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides that, with respect to tangible personal property that is purchased from a retailer located in a community revitalization zone, the taxes under those Acts are imposed at the rate of 3.25%. Effective immediately.
Title
REVENUE-COMMUNITY DEVELOP
Sponsors
History
Date | Chamber | Action |
---|---|---|
2023-02-10 | Senate | Referred to Assignments |
2023-02-10 | Senate | First Reading |
2023-02-10 | Senate | Filed with Secretary by Sen. Willie Preston |
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
35 | 105 | 3-10 | Amended Code | Citation Text |
35 | 105 | 9 | Amended Code | Citation Text |
35 | 110 | 3-10 | Amended Code | Citation Text |
35 | 110 | 9 | Amended Code | Citation Text |
35 | 115 | 3-10 | Amended Code | Citation Text |
35 | 115 | 9 | Amended Code | Citation Text |
35 | 120 | 2-10 | Amended Code | Citation Text |
35 | 120 | 3 | Amended Code | Citation Text |
Illinois State Sources
Type | Source |
---|---|
Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2219&GAID=17&DocTypeID=SB&SessionID=112&GA=103 |
Text | https://www.ilga.gov/legislation/103/SB/10300SB2219.htm |