| IL | HB5461 | Intro
25% | Creates the Concrete Carbon Utilization, Reduction, and Removal Breakthrough Act. Establishes a performance-based tax credit for concrete producers to incentivize the use of materials and methods for State-funded projects that reduce the embodied car...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | SB3738 | Intro
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] | 2024-04-05
To Senate Revenue Committee |
| IL | SB3808 | Intro
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] | 2024-04-05
To Senate Revenue Committee |
| IL | SB3573 | Intro
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] | 2024-04-05
To Senate Revenue Committee |
| IL | HB5613 | Intro
25% | Amends the Illinois Income Tax Act. In provisions concerning a deduction for contributions to a College Savings Pool account or the Illinois Prepaid Tuition Trust Fund, provides that a $10,000 limitation does not apply for taxable years beginning on ...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB5612 | Intro
25% | Amends the Film Production Services Tax Credit Act of 2008. Provides that certain amounts shall be deposited into the Illinois Production Workforce Development Fund beginning on July 1, 2023 (currently, July 1, 2022). Provides that the amount deposit...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | SB3607 | Intro
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] | 2024-04-05
To Senate Revenue Committee |
| IL | SB3575 | Intro
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] | 2024-04-05
To Senate Revenue Committee |
| IL | HB5647 | Intro
25% | Amends the Property Tax Code. Provides that, from assessment year 2025 through assessment year 2030, in Bremen, Bloom, Rich, and Thornton townships in Cook County, commercial and industrial property shall be assessed at the same level of assessment a...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB5611 | Intro
25% | Amends the Illinois Income Tax Act. In provisions requiring a qualified new business venture to repay certain amounts received under the angel investment tax credit if the qualified new business venture fails to maintain its minimum employment thresh...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | SB3690 | Intro
25% | Amends the School Code. Provides that the State Board of Education shall establish a librarian recruitment and retention program, which shall encourage both new and experienced librarians to seek employment with qualifying public schools by providing...
[Detail][Text][Discuss] | 2024-04-05
To Senate Appropriations Education Committee |
| IL | HB5668 | Intro
25% | Amends the Illinois Income Tax Act. Creates an income tax credit for taxpayers who open and operate a supermarket or grocery store in a food desert community designated by the Department of Commerce and Economic Opportunity. Provides that the credit ...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB5795 | Intro
25% | Amends the Property Tax Code. Provides that the board of review in a county with 3,000,000 or more inhabitants shall issue a certificate of error if the board of review determines that an error or mistake, other than an error of judgment as to the va...
[Detail][Text][Discuss] | 2024-04-02
To House Rules Committee |
| IL | HB1427 | Intro
25% | Amends the Property Tax Code. Provides for a non-binding, advisory referendum on the question of whether a taxing district should reduce its aggregate extension by up to 10% from its aggregate extension for the previous taxable year. Provides that th...
[Detail][Text][Discuss] | 2024-03-27
To House Rules Committee |
| IL | SB2656 | Intro
25% | Amends the Illinois Income Tax Act. Creates a credit for certain small businesses in an amount equal to the lesser of (i) 10% of the property taxes paid by the qualified small business during the taxable year for eligible real property or (ii) $1,500...
[Detail][Text][Discuss] | 2024-03-25
To Senate Assignments Committee |
| IL | SB3273 | Intro
25% | Amends the Illinois Income Tax Act. Creates a deduction for an amount equal to the amount included in the taxpayer's federal adjusted gross income that is attributable to student loan repayment assistance received by the taxpayer during the taxable y...
[Detail][Text][Discuss] | 2024-03-25
To Senate Assignments Committee |
| IL | SB3329 | Intro
25% | Amends the Illinois Income Tax Act. Creates a child tax credit in an amount equal to the product of a specified credit amount multiplied by the number of qualifying children of the taxpayer. Effective immediately.
[Detail][Text][Discuss] | 2024-03-22
To Senate Assignments Committee |
| IL | SB3725 | Intro
25% | Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides that, beginning on July 1, 2024, certain food, drugs, and medical appliances that were taxed at the rate of 1% shall be e...
[Detail][Text][Discuss] | 2024-03-22
To Senate Assignments Committee |
| IL | SB2213 | Engross
50% | Reinserts the provisions of the bill as amended by Senate Amendment No. 1 with the following changes. Defines "online booking platform". Provides that the purchase price shall not include any charges added to the purchase price by an operator to comp...
[Detail][Text][Discuss] | 2024-03-20
House Floor Amendment No. 3 Rules Refers to Revenue & Finance Committee |
| IL | SB2921 | Intro
25% | Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Makes certain changes concerning estates that contain qualified farm property. Provides that, for the purposes of calculating the State Death Tax Credit, those estates are subject t...
[Detail][Text][Discuss] | 2024-03-20
To Senate Assignments Committee |
| IL | SB3056 | Intro
25% | Amends the Illinois Income Tax Act. Makes a technical change in a Section concerning the short title.
[Detail][Text][Discuss] | 2024-03-20
To Senate Assignments Committee |
| IL | SB3057 | Intro
25% | Amends the Illinois Income Tax Act. Makes a technical change in a Section concerning the short title.
[Detail][Text][Discuss] | 2024-03-20
To Senate Assignments Committee |
| IL | SB3055 | Intro
25% | Amends the Illinois Income Tax Act. Makes a technical change in a Section concerning the short title.
[Detail][Text][Discuss] | 2024-03-20
To Senate Assignments Committee |
| IL | HB1582 | Intro
25% | Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that no tax shall be imposed under the Act for persons dying on or after the effective date of the amendatory Act or for transfers made on or after the effective date of th...
[Detail][Text][Discuss] | 2024-03-18
To House Rules Committee |
| IL | HB2993 | Intro
25% | Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Increases the exclusion amount from $4,000,000 to $12,060,000 for persons dying on or after January 1, 2024. Effective immediately.
[Detail][Text][Discuss] | 2024-03-18
To House Rules Committee |
| IL | HB3661 | Intro
25% | Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that a decedent dying on or after January 1, 2024 may, in a written revocable testamentary document, allocate all or a portion of the decedent's unused exclusion amount, in...
[Detail][Text][Discuss] | 2024-03-18
To House Rules Committee |
| IL | HB4519 | Intro
25% | Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that, for persons dying on or after January 1, 2024 and prior to January 1, 2026, the exclusion amount shall be the applicable exclusion amount calculated under the Interna...
[Detail][Text][Discuss] | 2024-03-18
To House Rules Committee |
| IL | SB0163 | Intro
25% | Amends the Illinois Income Tax Act. Increases the research and development credit by providing that the increase in research and development activities shall be based on an increase over 50% of the average of the qualifying expenditures for each year...
[Detail][Text][Discuss] | 2024-03-15
To Senate Assignments Committee |
| IL | SB0210 | Intro
25% | Amends the Illinois Income Tax Act. Provides that a taxpayer who may claim a qualifying student as a dependent is allowed a credit of up to $2,000 for qualified tuition and fee expenses paid by the taxpayer. Provides that the term qualifying student ...
[Detail][Text][Discuss] | 2024-03-15
To Senate Assignments Committee |
| IL | SB0318 | Intro
25% | 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 materials, labor, and professional services to soundproof a residential home ...
[Detail][Text][Discuss] | 2024-03-15
To Senate Assignments Committee |
| IL | SB1284 | Intro
25% | Amends the Property Tax Code. Provides that the county board may designate a geographic area within the county as a flood zone. Provides that homestead property that is located within a flood zone is entitled to a reduction of $5,000 from the propert...
[Detail][Text][Discuss] | 2024-03-15
To Senate Assignments Committee |
| IL | SB1313 | Intro
25% | Amends the Illinois Income Tax Act. Creates an income tax deduction for any amounts paid by the taxpayer's employer on behalf of the taxpayer as part of an educational assistance program. Creates an income tax deduction for any amounts paid by the ta...
[Detail][Text][Discuss] | 2024-03-15
To Senate Assignments Committee |
| IL | SB1444 | Intro
25% | Amends the Illinois Income Tax Act. Creates an income tax credit for dependents of the taxpayer. Provides that the maximum amount of the credit is $700 per qualified dependent of the taxpayer. Provides that the maximum amount shall be reduced by $24 ...
[Detail][Text][Discuss] | 2024-03-15
To Senate Assignments Committee |
| IL | SB1583 | Intro
25% | Amends the Illinois Income Tax Act. Creates a credit in an amount equal to 10% of the stipend or salary paid by the taxpayer to up to (i) 5 qualified college interns or (ii) 5 qualified high school interns during the taxable year. Provides that no ta...
[Detail][Text][Discuss] | 2024-03-15
To Senate Assignments Committee |
| IL | SB1532 | Intro
25% | Amends the Illinois Income Tax Act. Creates an income tax credit for Illinois licensed wine manufacturers and craft brewers in an amount equal to 50% of the qualified costs incurred by a qualified taxpayer during the taxable year. Prohibits a taxpaye...
[Detail][Text][Discuss] | 2024-03-15
To Senate Assignments Committee |
| IL | SB1530 | Intro
25% | Amends the Property Tax Code. Creates a homestead exemption in the amount of a reduction of $5,000 from the equalized assessed value of property of the surviving spouse of a police officer or firefighter who is killed in the line of duty. Effective i...
[Detail][Text][Discuss] | 2024-03-15
To Senate Assignments Committee |
| IL | SB1744 | Intro
25% | Amends the Gas Use Tax Law. Exempts certain business enterprises from taxation under the Act. Amends the Gas Revenue Tax Act. Provides that the definition of "gross receipts" does not include consideration received from certain business enterprises. ...
[Detail][Text][Discuss] | 2024-03-15
To Senate Assignments Committee |
| IL | SB1810 | Intro
25% | Amends the Illinois Income Tax Act. Makes changes concerning the federal depreciation deduction and net operating losses to restore provisions that were in effect prior to Public Act 102-16. Amends the Business Corporation Act of 1983. Provides that ...
[Detail][Text][Discuss] | 2024-03-15
To Senate Assignments Committee |
| IL | SB2084 | Intro
25% | Amends the Illinois Income Tax Act. Provides that a taxpayer shall be allowed an income tax credit in an amount equal to 1.3% of the qualified research expenses made by the taxpayer in Illinois. Provides that the taxpayer is not required to have obta...
[Detail][Text][Discuss] | 2024-03-15
To Senate Assignments Committee |
| IL | SB2207 | Intro
25% | Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides that, for aircraft purchased on or after January 1, 2024, "use as rolling stock moving in interstate commerce" occurs whe...
[Detail][Text][Discuss] | 2024-03-15
To Senate Assignments Committee |
| IL | SB2204 | Intro
25% | Amends the Illinois Income Tax Act. Provides that the maximum withholding tax credit for full-time equivalent employees is determined by the metropolitan and nonmetropolitan area of the State that is the base of operations of the employee, as those a...
[Detail][Text][Discuss] | 2024-03-15
To Senate Assignments Committee |
| IL | SB2564 | Intro
25% | Creates the Short-Term Rental Occupation Tax Act. Imposes taxes upon short-term rental transactions facilitated by a hosting platform. Provides that one tax is imposed at the rate of 5% of 94% of the gross rental receipts from the transaction. Provid...
[Detail][Text][Discuss] | 2024-03-15
To Senate Assignments Committee |
| IL | SB2574 | Intro
25% | Amends the State Finance Act to create the Working Families Fund. Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act and various other tax Acts. Provides that the vendor discount is ...
[Detail][Text][Discuss] | 2024-03-15
To Senate Assignments Committee |
| IL | SB2594 | Intro
25% | Amends the Illinois Income Tax Act. Removes a provision providing that the aggregate amount of credits awarded under a provision granting a credit to volunteer emergency workers may not exceed $5,000,000 in any calendar year. Effective immediately.
[Detail][Text][Discuss] | 2024-03-15
To Senate Assignments Committee |
| IL | SB2673 | Intro
25% | Amends the Property Tax Code. Provides that, for taxable years 2024 and thereafter, the maximum income limitation for the low-income senior citizens assessment freeze homestead exemption is $75,000 for all qualified property. Amends the Senior Citize...
[Detail][Text][Discuss] | 2024-03-15
To Senate Assignments Committee |
| IL | SB2707 | Intro
25% | Amends the Illinois Income Tax Act. Creates an income tax credit for an individual taxpayer who is a medical professional in a community-based practice who serves without compensation as a preceptor for at least one student from a qualifying institut...
[Detail][Text][Discuss] | 2024-03-15
To Senate Assignments Committee |
| IL | SB2711 | Intro
25% | Amends the Property Tax Code. Provides that each tax bill shall contain a statement for each tax increment financing (TIF) district in which the property is located setting forth the amount that each taxing district that contains all or part of the T...
[Detail][Text][Discuss] | 2024-03-15
To Senate Assignments Committee |
| IL | SB2734 | Intro
25% | Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides that, on and after July 1, 2024, each month the Department of Revenue shall pay into the State Aviation Program Fund 25% ...
[Detail][Text][Discuss] | 2024-03-15
To Senate Assignments Committee |
| IL | SB2833 | Intro
25% | Amends the Illinois Income Tax Act. Creates an income tax credit for individuals who (i) serve as a volunteer for 100 hours during the taxable year, (ii) do not receive any compensation for their services as a volunteer for the taxable year, and (iii...
[Detail][Text][Discuss] | 2024-03-15
To Senate Assignments Committee |
| IL | SB2923 | Intro
25% | Amends the Gas Use Tax Law. Exempts certain business enterprises from taxation under the Act. Amends the Gas Revenue Tax Act. Provides that the definition of "gross receipts" does not include consideration received from certain business enterprises. ...
[Detail][Text][Discuss] | 2024-03-15
To Senate Assignments Committee |
