Illinois Code | Chapter 35 Article 5

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ILHB5119IntroAmends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to the foster care expenses, not to exceed $1,000 in any taxable year, paid or incurred by the taxpayer with respect to a qualified dependent child. Provides that the...
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2020-02-14
Added Co-Sponsor Rep. Mike Murphy
ILHB5200IntroAmends the Illinois Income Tax Act. Creates an income tax credit for beginning farmers who participate in a financial management program approved by the Department of Agriculture. Creates an income tax credit for owners of agricultural assets who sel...
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2020-02-14
Filed with the Clerk by Rep. Nathan D. Reitz
ILHB5254IntroAmends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to 50% of the contributions made by the taxpayer during the taxable year to one or more qualifying pregnancy resource centers. Provides that the term "qualifying preg...
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2020-02-14
Filed with the Clerk by Rep. Nathan D. Reitz
ILSB3392IntroAmends the Illinois Income Tax Act. Increases the amount deposited into the Local Government Distributive Fund. Effective immediately.
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2020-02-14
To Senate Assignments Committee
ILHB5554IntroCreates the Build Illinois Homes Tax Credit Act. Provides that the Illinois Housing Development Authority and the City of Chicago Department of Housing may award credits for certain qualified low-income housing projects. Provides that the credits may...
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2020-02-14
Filed with the Clerk by Rep. Delia C. Ramirez
ILHB5208IntroAmends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to 1% of the expenses claimed by the taxpayer as a federal income tax deduction pursuant to Section 179 of the Internal Revenue Code for the tax year. Provides that t...
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2020-02-14
Filed with the Clerk by Rep. Keith R. Wheeler
ILHB5532IntroAmends the Illinois Income Tax Act. Creates an income tax credit for taxpayers who are caregivers of a veteran with a disability. Provides that the credit shall be in an amount equal to 5% of the costs incurred in caring for the veteran, not to excee...
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2020-02-14
Filed with the Clerk by Rep. Monica Bristow
ILHB5433IntroCreates the Industrial New Jobs Training Act. Provides that community college may enter into an agreement with an employer in which the employer provides certain education and job-training services. Provides that the program shall be funded by: (1) a...
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2020-02-14
Co-Sponsor Rep. Tom Weber
ILHB5394IntroCreates the Securing All Futures for Equitable Reinvestment in Communities Act. Provides legislative intent. Creates the Securing All Futures for Equitable Reinvestment Tax Credit Pilot Program Act. Provides that an applicant that hires certain forme...
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2020-02-14
Filed with the Clerk by Rep. Justin Slaughter
ILHB5380IntroAmends the Illinois Income Tax Act. Creates an income tax credit to taxpayers that own and operate a small farm and make a qualifying food commodity donation to a food bank or emergency feeding organization. Provides that the credit shall be equal to...
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2020-02-14
Chief Co-Sponsor Rep. Patrick Windhorst
ILHB5331IntroAmends various Acts to revise statutory law to conform the statutes to the reorganization of the executive branch taking effect under Executive Order 2019-12. Makes other changes concerning the Illinois State Police and makes technical and stylistic ...
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2020-02-14
Filed with the Clerk by Rep. Jay Hoffman
ILHB5419IntroAmends the Illinois Income Tax Act. Provides that a taxpayer is entitled to an income tax credit for each person who is (i) 55 years of age or older during the taxable year and (ii) employed by the taxpayer at a location in this State for not less th...
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2020-02-14
Chief Co-Sponsor Rep. Amy Grant
ILHB5350IntroAmends the Illinois Income Tax Act. Creates an income tax credit for taxpayers who plant a native plant species at their primary place of residence. Provides that the credit shall be equal to the cost of the plants and associated planting materials. ...
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2020-02-14
Filed with the Clerk by Rep. Mary Edly-Allen
ILHB5373IntroAmends the Illinois Income Tax Act. Creates an income tax deduction in an amount equal to the out-of-pocket costs incurred by a taxpayer during the taxable year for expenses associated with long-term care for the taxpayer or the taxpayer's family mem...
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2020-02-14
Filed with the Clerk by Rep. Darren Bailey
ILSB3381IntroCreates the Job Creation Zone Pilot Program Act. Sets forth the boundaries of the Job Creation Zone. Provides that applicants that pledge to hire at least 5 new employees at a designated location within the job creation zone are eligible for credits ...
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2020-02-14
To Senate Assignments Committee
ILHB5359IntroAmends 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...
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2020-02-14
Filed with the Clerk by Rep. Martin J. Moylan
ILSB3360IntroAmends the Illinois Income Tax Act. Makes a technical change in a Section concerning the short title.
[Detail][Text][Discuss]
2020-02-14
To Senate Assignments Committee
ILHB5385IntroAmends the Illinois Income Tax Act. Provides that the credit for student-assistance contributions sunsets on December 31, 2030 (currently, December 30, 2020). Effective immediately.
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2020-02-14
Co-Sponsor Rep. Amy Grant
ILSB3470IntroAmends the Illinois Income Tax Act. Makes a technical change in a Section concerning the short title.
[Detail][Text][Discuss]
2020-02-14
To Senate Assignments Committee
ILSB3359IntroAmends the Illinois Income Tax Act. Provides that, upon the transfer of a film production services credit, the taxpayer shall pay to the Department of Commerce and Economic Opportunity 1.5% of the credit amount, which shall be deposited into the Film...
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2020-02-14
To Senate Assignments Committee
ILHB5422IntroAmends the Illinois Income Tax Act. Makes changes to a credit awarded for wages paid to qualified veterans. Provides that the credit shall be: (1) $5,000 (instead of 20% of the gross wages, but not to exceed $5,000) for certain veterans who were unem...
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2020-02-14
Chief Co-Sponsor Rep. Amy Grant
ILSB3420IntroCreates the Illinois Energy Transition Zone Act. Provides for the certification by the Department of Commerce and Economic Opportunity of municipal ordinances designating an area as an Energy Transition Zone. Provides that green energy enterprises lo...
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2020-02-14
To Senate Assignments Committee
ILHB5561IntroAmends various Acts to eliminate the changes made by Public Acts 101-30, 101-31, and 101-32. Makes other changes. Effective immediately.
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2020-02-14
Filed with the Clerk by Rep. Allen Skillicorn
ILHB5583IntroAmends the Illinois Income Tax Act. Creates an income tax credit for taxpayers who purchase an electric vehicle during the taxable year. Provides that the amount of the credit is equal to the purchase price of the vehicle. Provides that excess credit...
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2020-02-14
Filed with the Clerk by Rep. Mary Edly-Allen
ILSB3334IntroAmends the Illinois Income Tax Act. Provides that certain sports wagering winnings are allocable to this State. Effective immediately.
[Detail][Text][Discuss]
2020-02-14
To Senate Assignments Committee
ILSB3400IntroAmends the Illinois Income Tax Act. Makes a technical change in a Section concerning the sunset of exemptions, credits, and deductions.
[Detail][Text][Discuss]
2020-02-14
To Senate Assignments Committee
ILHB5420IntroAmends the Illinois Income Tax Act. Creates an income tax checkoff for contributions to a qualified veterans home fund. Provides that "qualified veterans home fund" means any of the following: (i) the LaSalle Veterans Home Fund; (ii) the Anna Veteran...
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2020-02-14
Co-Sponsor Rep. Darren Bailey
ILHB5409IntroAmends the Illinois Income Tax Act and the Invest in Kids Act. Provides that the Invest in Kids credit applies permanently (currently, the credit applies for taxable years ending before January 1, 2023). Effective immediately.
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2020-02-14
Chief Co-Sponsor Rep. Grant Wehrli
ILHB5360IntroAmends the Illinois Income Tax Act. Creates an income tax credit for taxpayers who employ individuals working within the engineering sector who graduated from an accredited institution of higher learning with a Bachelor's degree or higher. Provides t...
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2020-02-14
Filed with the Clerk by Rep. Martin J. Moylan
ILHB5625IntroAmends the Illinois Income Tax Act. Provides that an employer that incurs expenses to train a qualifying individual to obtain a commercial driver's license or to operate a commercial motor vehicle may apply to the Department of Revenue for an income ...
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2020-02-14
Filed with the Clerk by Rep. Mike Murphy
ILSB3429IntroAmends the Illinois Income Tax Act. Provides that the State earned income tax credit shall be: (i) 19% of the federal tax credit for each taxable year beginning on or after January 1, 2022 and beginning before January 1, 2023; and (ii) 20% of the fed...
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2020-02-14
To Senate Assignments Committee
ILSB3320IntroAmends the Illinois Income Tax Act. Makes a technical change in a Section concerning the sunset of exemptions, credits, and deductions.
[Detail][Text][Discuss]
2020-02-14
To Senate Assignments Committee
ILHB5430IntroAmends the Illinois Income Tax Act. Creates a credit for individual taxpayers whose income does not exceed the maximum income limitation and who are (i) 65 years of age or older during the taxable year or (ii) 100% disabled during the taxable year. P...
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2020-02-14
Co-Sponsor Rep. Tom Weber
ILHB5378IntroCreates the Rural Job Creation Tax Credit Act. Provides that a taxpayer may claim a nonrefundable income tax credit for rural job creation equal to a percentage of the taxpayer's purchase of an equity interest in a rural investment company or purchas...
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2020-02-14
Chief Co-Sponsor Rep. Avery Bourne
ILSB3535IntroAmends 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 15% of the manufacturing capital expenditures if the taxpayer is...
[Detail][Text][Discuss]
2020-02-14
To Senate Assignments Committee
ILSB3473IntroCreates the Endow Illinois Tax Credit Act and amends the Illinois Income Tax Act. Requires the Department of Revenue to authorize an income tax credit to taxpayers who provide an endowment gift to a permanent endowment fund. Sets forth procedures and...
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2020-02-14
To Senate Assignments Committee
ILHB5667IntroAmends the Illinois Income Tax Act. Provides that, in the case of qualifying expenditures related to (i) clean energy technology, (ii) waste reduction, (iii) recycling, (iv) emissions reduction, (v) environmental sustainability, or (vi) biodegradable...
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2020-02-14
Filed with the Clerk by Rep. Steven Reick
ILSB3620IntroAmends the Illinois Income Tax Act. Makes changes to the withholding credit associated with the minimum wage increase under Public Act 101-1. Makes changes to the maximum credit amount. Provides that employers located in (i) the City of Chicago, (ii)...
[Detail][Text][Discuss]
2020-02-14
To Senate Assignments Committee
ILSB3725IntroAmends the Illinois Income Tax Act. Provides that the personal property tax replacement income tax credit for investments in qualified property applies for costs incurred on or after the effective date and on or before December 31, 2024 (currently, D...
[Detail][Text][Discuss]
2020-02-14
To Senate Assignments Committee
ILSB3875IntroAmends 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]
2020-02-14
To Senate Assignments Committee
ILSB3590IntroAmends the Illinois Income Tax Act. Provides that, in the case of qualifying expenditures related to (i) clean energy technology, (ii) waste reduction, (iii) recycling, (iv) emissions reduction, (v) environmental sustainability, or (vi) biodegradable...
[Detail][Text][Discuss]
2020-02-14
To Senate Assignments Committee
ILSB3785IntroAmends the Illinois Income Tax Act. Provides that, from February 1, 2021 through January 31, 2022, the amount transferred from the General Revenue Fund to the Local Government Distributive Fund shall be: (i) 8.5% of the net revenue realized from the ...
[Detail][Text][Discuss]
2020-02-14
To Senate Assignments Committee
ILHB5641IntroAmends the Illinois Income Tax Act. Creates a credit for financial institutions in an amount equal to the aggregate amount of all fees, penalties, and any other income derived during the taxable year from each commercial loan transaction that is (i) ...
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2020-02-14
Filed with the Clerk by Rep. Sonya M. Harper
ILSB3695IntroAmends the Illinois Income Tax Act. Creates a deduction in an amount equal to any overtime wages paid to the taxpayer during the taxable year. Effective immediately.
[Detail][Text][Discuss]
2020-02-14
To Senate Assignments Committee
ILSB3642IntroAmends various Acts to revise statutory law to conform the statutes to the reorganization of the executive branch taking effect under Executive Order 2019-12. Makes other changes concerning the Illinois State Police and makes technical and stylistic ...
[Detail][Text][Discuss]
2020-02-14
To Senate Assignments Committee
ILSB3772IntroAmends the Illinois Income Tax Act. Makes changes to the definition of investment partnership to provide that a dealer in qualifying investment securities may be considered an investment partnership. Allows a partnership interest to be considered a q...
[Detail][Text][Discuss]
2020-02-14
To Senate Assignments Committee
ILSB3723IntroAmends 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]
2020-02-14
To Senate Assignments Committee
ILSB3787IntroCreates the Build Illinois Homes Tax Credit Act. Provides that the Illinois Housing Development Authority and the City of Chicago Department of Housing may award credits for certain qualified low-income housing projects. Provides that the credits may...
[Detail][Text][Discuss]
2020-02-14
To Senate Assignments Committee
ILSB3724IntroAmends 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]
2020-02-14
To Senate Assignments Committee
ILSB3786IntroCreates the Recovery and Mental Health Tax Credit Act. Provides that the Department of Human Services shall establish and administer a recovery tax credit program to provide tax incentives to qualified employers who employ eligible individuals in rec...
[Detail][Text][Discuss]
2020-02-14
To Senate Assignments Committee
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