Bills Pending Illinois Senate Revenue Committee

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StanceStateBillStatusSummary/TitleLast Actionsort icon
ILSB3104Intro
25%
Amends the Illinois Income Tax Act. Creates a child care credit in an amount equal to 25% of the federal tax credit for each qualifying child. Effective immediately.
[Detail][Text][Discuss]
2024-03-26
To Senate Revenue Committee
ILSB2717Intro
25%
Amends the Illinois Income Tax Act. Creates an income tax credit for taxpayers who are the custodians of one or more children who attend an eligible preschool program in the State during the taxable year. Provides that the amount of the credit shall ...
[Detail][Text][Discuss]
2024-03-26
To Senate Revenue Committee
ILSB3395Intro
25%
Creates the Music and Musicians Tax Credit and Jobs Act. Provides that the Department of Commerce and Economic Opportunity may award credits to qualified music companies. Creates the Music Education Scholarship Act. Provides that the Board of Higher ...
[Detail][Text][Discuss]
2024-03-25
To Senate Revenue Committee
ILSB2784Intro
25%
Creates the Cargo Transportation Fee Act. Provides that a fee is imposed upon each entity that is an interstate carrier or an intrastate carrier and that (i) transports by common carrier tangible personal property into the State, (ii) transports that...
[Detail][Text][Discuss]
2024-03-20
To Senate Revenue Committee
ILSB3573Intro
25%
Amends the Property Tax Code. Provides that, for taxable year 2024, the maximum income limitation for the Low-Income Senior Citizens Assessment Freeze Homestead Exemption is $75,000. Provides that, for taxable year 2025 and subsequent taxable years, ...
[Detail][Text][Discuss]
2024-03-20
To Senate Revenue Committee
ILSB3575Intro
25%
Amends the Illinois Income Tax Act. Removes a provision that sets forth the basic amount of the standard exemption for taxable years ending on or after December 31, 2023 and prior to December 31, 2024, and restores the cost-of-living adjustment for t...
[Detail][Text][Discuss]
2024-03-15
To Senate Revenue Committee
ILSB3131Intro
25%
Amends the Illinois Income Tax Act. Provides that each taxpayer that manufactures renewable diesel in Illinois is eligible for an income tax credit equal to $1 per whole gallon of renewable diesel manufactured by the taxpayer in Illinois and sold to ...
[Detail][Text][Discuss]
2024-03-15
To Senate Revenue Committee
ILSB2954Intro
25%
Amends the Property Tax Code. In provisions concerning the homestead exemption for veterans with disabilities, provides that the term "veteran" also includes a veteran who has received a medical discharge.
[Detail][Text][Discuss]
2024-03-15
To Senate Revenue Committee
ILSB2845Intro
25%
Amends the Property Tax Code. Provides that, for the purpose of calculating the long-time occupant homestead exemption, the adjusted homestead value shall be calculated by increasing the base homestead value by (i) 5% (currently, 10%) for qualified t...
[Detail][Text][Discuss]
2024-03-15
To Senate Revenue Committee
ILSB3738Intro
25%
Amends the Illinois Income Tax Act. Provides that the credit for ex-felons is renamed the credit for returning citizens. Provides that, for taxable years beginning on or after January 1, 2025, if the qualified returning citizen is employed by the tax...
[Detail][Text][Discuss]
2024-03-15
To Senate Revenue Committee
ILSB2700Intro
25%
Amends the Property Tax Code. In provisions concerning the homestead exemption for veterans with disabilities, provides that the exemption applies to all real property that is the primary residence of a veteran with a disability (currently, property ...
[Detail][Text][Discuss]
2024-03-15
To Senate Revenue Committee
ILSB2710Intro
25%
Amends the Property Tax Code. Provides that, beginning in taxable year 2024, the maximum income limitation for the low-income senior citizens assessment freeze homestead exemption shall be increased each year by the percentage increase, if any, in th...
[Detail][Text][Discuss]
2024-03-15
To Senate Revenue Committee
ILSB2695Intro
25%
Amends the Property Tax Code. Provides that, for assessment years following the next general assessment after the effective date of the amendatory Act, no increase in assessment may exceed 20% per year. Provides exceptions if: (1) the property is sol...
[Detail][Text][Discuss]
2024-03-15
To Senate Revenue Committee
ILSB2661Intro
25%
Amends the Illinois Vehicle Code. Provides that the standard registration fee for passenger motor vehicles of the first division and motor vehicles of the second division weighing not more than 8,000 pounds shall be reduced by 50% for any Illinois ve...
[Detail][Text][Discuss]
2024-03-15
To Senate Revenue Committee
ILSB3808Intro
25%
Amends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to 10% of the manufacturing capital expenditures incurred by the taxpayer during the taxable year or, if the taxpayer is located in a rural or economically challenged...
[Detail][Text][Discuss]
2024-03-15
To Senate Revenue Committee
ILSB3474Intro
25%
Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Provides that the Department of Commerce and Economic Opportunity shall award income tax credits in an amount equal to 13% of the qualifying ...
[Detail][Text][Discuss]
2024-03-15
To Senate Revenue Committee
ILSB2974Intro
25%
Amends the Property Tax Code. Provides that buildings, structures, and improvements that are not permanently attached to the land are not considered property for the purposes of the Code. Effective immediately.
[Detail][Text][Discuss]
2024-03-15
To Senate Revenue Committee
ILSB2718Intro
25%
Amends the Illinois Income Tax Act. Creates an income tax credit for taxpayers who are employed as an early childhood teacher or an early childhood assistant during the taxable year and who have a federal adjusted gross income for the taxable year of...
[Detail][Text][Discuss]
2024-03-15
To Senate Revenue Committee
ILSB2553Intro
25%
Amends the Hotel Operators' Occupation Tax Act. Creates an exemption for gross rental receipts received by a hotel operator when renting, leasing, or letting rooms to an entity that (i) is organized and operated exclusively for charitable, religious,...
[Detail][Text][Discuss]
2024-03-15
To Senate Revenue Committee
ILSB3676Intro
25%
Amends the River Edge Redevelopment Zone Act. Provides that the Department of Commerce and Economic Opportunity may certify one additional pilot River Edge Redevelopment Zone in the City of Quincy.
[Detail][Text][Discuss]
2024-03-15
To Senate Revenue Committee
ILSB2708Intro
25%
Amends the Illinois Income Tax Act. Provides that, for taxable years beginning on or after January 1, 2024, the additional standard exemption for taxpayers who have attained the age of 65 before the end of the taxable year and their spouses is $2,000...
[Detail][Text][Discuss]
2024-03-15
To Senate Revenue Committee
ILSB3233Intro
25%
Creates the Build Illinois Homes Tax Credit Act. Provides that owners of qualified low-income housing developments are eligible for credits against the taxes imposed by the Illinois Income Tax Act or taxes, penalties, fees, charges, and payments impo...
[Detail][Text][Discuss]
2024-03-15
To Senate Revenue Committee
ILSB2912Intro
25%
Amends the Illinois Income Tax Act. Creates an income tax credit for qualified housing developers who incur development costs in the construction of new housing. Sets forth the amount of the credit. Effective immediately.
[Detail][Text][Discuss]
2024-03-15
To Senate Revenue Committee
ILSB3724Intro
25%
Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Extends the estimated date of completion of a redevelopment project and the retirement of obligations issued to finance redevelopment project costs for an ordinance...
[Detail][Text][Discuss]
2024-03-15
To Senate Revenue Committee
ILSB3152Intro
25%
Amends the Illinois Income Tax Act. Creates an income tax deduction for an amount of up to $50,000 per tax year contributed to a small business asset purchase account and all interest earned on such accounts during the tax year. Provides that a "smal...
[Detail][Text][Discuss]
2024-03-15
To Senate Revenue Committee
ILSB2648Intro
25%
Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, the Retailers' Occupation Tax Act, and the Vehicle Use Tax Article of the Illinois Vehicle Code. Provides that the taxes under those Acts do not apply to a motor vehicle...
[Detail][Text][Discuss]
2024-03-15
To Senate Revenue Committee
ILSB2736Intro
25%
Amends the Property Tax Code. In provisions concerning notices of increased assessments, provides that the chief county assessment officer shall continue to accept appeals from the taxpayer for a period of not less than 30 business days from the late...
[Detail][Text][Discuss]
2024-03-15
To Senate Revenue Committee
ILSB2953Intro
25%
Amends the Illinois Income Tax Act. Provides that an apprentice who is hired by the taxpayer through the United States Department of Defense SkillBridge internship program is considered a qualifying apprentice for the purpose of the apprenticeship ed...
[Detail][Text][Discuss]
2024-03-15
To Senate Revenue Committee
ILSB2922Intro
25%
Amends the Illinois Income Tax Act. Provides a tax credit for certain developers of single-family residences that incur development costs and that sell or rent qualified residences to individuals who meet certain income thresholds. Sets forth the amo...
[Detail][Text][Discuss]
2024-03-15
To Senate Revenue Committee
ILSB3150Intro
25%
Amends the Property Tax Code. Creates a homestead exemption, subject to certain limitations, for property that is located within a special flood hazard area as identified by the Federal Emergency Management Agency. Provides that the amount of the exe...
[Detail][Text][Discuss]
2024-03-15
To Senate Revenue Committee
ILSB2883Intro
25%
Amends the Illinois Income Tax Act. Creates an income tax credit for qualified businesses that install solar canopies or permeable surfaces in their parking areas during the taxable year. Effective immediately.
[Detail][Text][Discuss]
2024-03-15
To Senate Revenue Committee
ILSB3326Intro
25%
Amends the Property Tax Code. Provides that, in counties with fewer than 3,000,000 inhabitants, the amount in the indemnity fund shall not be less than 0.03% of the total equalized assessed valuation of the property in the county or $25,000 (currentl...
[Detail][Text][Discuss]
2024-03-15
To Senate Revenue Committee
ILSB3568Intro
25%
Amends the Property Tax Code. Makes changes concerning payments from the Indemnity Fund to provide that all property owners who sustain loss or damage by reason of the issuance of a tax deed are entitled to payments from the Indemnity Fund. Effective...
[Detail][Text][Discuss]
2024-03-15
To Senate Revenue Committee
ILSB2709Intro
25%
Amends the Property Tax Code. Provides that property that has been granted the homestead exemption for veterans with disabilities is 100% exempt from taxation under the Code if the veteran has a service connected disability of 60% or more (currently,...
[Detail][Text][Discuss]
2024-03-15
To Senate Revenue Committee
ILSB3699Intro
25%
Amends the State Finance Act. In provisions concerning the State Aviation Program Fund, provides that grant moneys in excess of $30,000,000 shall be distributed by the Department of Transportation to airports for capital development purposes for proj...
[Detail][Text][Discuss]
2024-03-15
To Senate Revenue Committee
ILSB2624Intro
25%
Amends the Illinois Income Tax Act. Creates an income tax credit for certain qualified individual taxpayers who rent a dwelling in Illinois for use as their principal place of residence. Provides that the credit shall be equal to 5% of the documented...
[Detail][Text][Discuss]
2024-03-15
To Senate Revenue Committee
ILSB2998Intro
25%
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...
[Detail][Text][Discuss]
2024-03-15
To Senate Revenue Committee
ILSB3607Intro
25%
Amends the Illinois Income Tax Act. Creates an income tax credit for developers that invest in a qualified project redeveloping a brownfield or grayfield. Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retail...
[Detail][Text][Discuss]
2024-03-15
To Senate Revenue Committee
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