IL SB2242 | 2021-2022 | 102nd General Assembly

Status

Spectrum: Partisan Bill (Democrat 3-0)
Status: Introduced on February 26 2021 - 25% progression, died in committee
Action: 2022-02-10 - 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 in an amount equal to the amount paid by the taxpayer during the taxable year for the purpose of purchasing acoustical materials, other materials, labor, and professional services to soundproof a residential home located at an eligible address against aircraft noise generated by an airport governed by the provisions of the Permanent Noise Monitoring Act. Provides that the credit may not reduce the taxpayer's liability to less than zero; however, the credit may be carried forward. Provides that the credit is exempt from the Act's automatic sunset provisions. Effective immediately.

Tracking Information

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Title

INC TX-SOUNDPROOFING

Sponsors


History

DateChamberAction
2022-02-10SenateRule 3-9(a) / Re-referred to Assignments
2022-01-12SenateAdded as Chief Co-Sponsor Sen. Thomas Cullerton
2022-01-05SenateRe-assigned to Revenue
2021-12-15SenateAdded as Co-Sponsor Sen. Robert F. Martwick
2021-04-16SenateRule 3-9(a) / Re-referred to Assignments
2021-03-23SenateAssigned to Revenue
2021-02-26SenateReferred to Assignments
2021-02-26SenateFirst Reading
2021-02-26SenateFiled with Secretary by Sen. Laura M. Murphy

Code Citations

ChapterArticleSectionCitation TypeStatute Text
355232New CodeSee Bill Text

Illinois State Sources


Bill Comments

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