Illinois Code | Chapter 35 Article 5

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ILHB3478IntroAmends the Illinois Income Tax Act. Contains provisions concerning a deduction for income included in the taxpayer's federal adjusted gross income and deemed received under Section 951A (GILTI) or Section 952 (Subpart F) of the Internal Revenue Code.
[Detail][Text][Discuss]
2021-05-07
To House Rules Committee
ILHB3476IntroAmends the Illinois Income Tax Code. Provides, for tax years ending on or after December 31, 2021, a surcharge is imposed on an Illinois resident's low-taxed investment income. Defines "low-taxed investment income". Provides how the surcharge is calc...
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2021-05-07
To House Rules Committee
ILSB2127IntroAmends the Illinois Income Tax Act. Provides that provisions concerning apportionment of income from federally regulated exchanges apply only for taxable years ending on or before December 31, 2021.
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2021-05-07
To Senate Assignments Committee
ILSB1747EngrossReinserts the provisions of the introduced bill with changes. Provides that certain tax incentives created in the introduced bill take effect on January 1, 2022 (in the introduced bill, January 1, 2021). Removes certain obsolete cross-references. Mak...
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2021-05-07
Arrived in House
ILHB4076IntroAmends 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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2021-05-07
To House Rules Committee
ILHB0368EngrossAmends the Illinois State Auditing Act. Provides that federal tax information disclosed under the Act shall only be provided in accordance with federal law and regulation applicable to the safeguarding of federal tax information. Provides that the sp...
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2021-05-06
Placed on Calendar Order of 2nd Reading May 10, 2021
ILHB0573EngrossAmends the State Treasurer Act. Establishes the Illinois Higher Education Savings Program as a part of the College Savings Pool (currently, not a part of the College Savings Pool), subject to appropriation by the General Assembly. Requires the Depart...
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2021-05-06
Placed on Calendar Order of 3rd Reading May 10, 2021
ILHB2792IntroAmends the Illinois Income Tax Act. Provides that an individual taxpayer age 65 or older is entitled to the earned income tax credit without regard to the requirement under the federal Internal Revenue Code that an individual taxpayer without a quali...
[Detail][Text][Discuss]
2021-05-06
To House Rules Committee
ILSB2132IntroAmends the Illinois Income Tax Act. Creates a credit for each child of the taxpayer who is under the age of 17 in an amount equal to $100. Provides that the credit shall be reduced by $5 for each $2,000 by which the taxpayer's net income exceeds $60,...
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2021-05-06
To Senate Assignments Committee
ILSB2444EngrossAmends the Illinois Income Tax Act. Provides that the credit for affordable housing donations sunsets on December 31, 2026 (currently, December 31, 2021). Effective immediately.
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2021-05-06
[Hearing: May 13 @ 8:00 am]
[Hearing: May 13 @ 8:01 am]
To House Income Tax Committee
ILSB2430EngrossAmends 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...
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2021-05-06
[Hearing: May 13 @ 8:00 am]
To House Revenue & Finance Committee
ILSB2531EngrossReinserts provisions of the introduced bill creating an entity-level tax, but makes certain formatting changes. Provides that the entity-level tax applies for taxable years ending on or after December 31, 2021 and beginning prior to January 1, 2026. ...
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2021-05-06
[Hearing: May 13 @ 8:00 am]
To House Rules Committee
ILSB1711EngrossAmends the Historic Preservation Tax Credit Act. Provides that the aggregate amount of the credit may not exceed $3,000,000. Provides that credits may be awarded upon completion of the project and approval of a complete application (currently, review...
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2021-05-05
[Hearing: May 13 @ 8:00 am]
To House Revenue & Finance Committee
ILSB1918EngrossAmends the Illinois Income Tax Act. Provides for a credit against withholding taxes in an amount equal to the wages or salary paid by a private employer to an Illinois employee while the employee is on organ donation leave if the employer grants all ...
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2021-05-05
[Hearing: May 13 @ 8:00 am]
To House Revenue & Finance Committee
ILSB1823EngrossAmends the Illinois Income Tax Act. Extends a tax credit allowable for qualified expenditures incurred by a qualified taxpayer in the restoration and preservation of a qualified historic structure located in a River Edge Redevelopment Zone to January...
[Detail][Text][Discuss]
2021-05-05
[Hearing: May 13 @ 8:00 am]
To House Revenue & Finance Committee
ILSB2457IntroAmends the Illinois Income Tax Act. Contains provisions concerning a deduction for income included in the taxpayer's federal adjusted gross income and deemed received under Section 951A (GILTI) or Section 952 (Subpart F) of the Internal Revenue Code.
[Detail][Text][Discuss]
2021-05-05
To Senate Assignments Committee
ILSB2449IntroAmends the Illinois Income Tax Act. Creates an addition modification in an amount equal to certain gains attributable to Opportunity Funds under certain provisions of the Internal Revenue Code. Effective immediately.
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2021-05-05
To Senate Assignments Committee
ILSB2445IntroCreates the Build Illinois Homes Tax Credit Act. Provides that owners of qualified low-income housing developments are eligible for credits against (i) State income taxes and (ii) any privilege tax or retaliatory tax, penalty, fee, charge, or payment...
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2021-05-05
Added as Co-Sponsor Sen. Laura M. Murphy
ILSB0081EngrossAmends the Illinois Income Tax Act. Creates an income tax checkoff for donations to the Ronald McDonald House Charities Fund. Amends the State Finance Act to create the Fund. Provides that moneys deposited into the Fund shall be used to make grants t...
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2021-05-04
[Hearing: May 13 @ 8:00 am]
To House Revenue & Finance Committee
ILHB0804IntroCreates the Clean Jobs, Workforce and Contractor Equity Act. Creates the Equity and Empowerment in Clean Energy Advisory Board to administer the Clean Jobs Workforce Hubs Program, the Expanding Clean Energy Entrepreneurship and Contractor Incubator N...
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2021-05-04
To House Rules Committee
ILHB1726EngrossAmends the State Fair Act, the Illinois Promotion Act, the Department of Human Services Act, the State Finance Act, the Illinois Income Tax Act, the Illinois Estate and Generation-Skipping Transfer Tax Act, the Liquor Control Act of 1934, the Clerks ...
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2021-05-04
[Hearing: May 12 @ 2:00 pm]
To Senate State Government Committee
ILHB3107EngrossAmends the Illinois Income Tax Act. Extends the tax credit for affordable housing donations until December 31, 2026. Effective immediately.
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2021-05-04
[Hearing: May 12 @ 4:30 pm]
To Senate Revenue Committee
ILSB0340EngrossAmends the Illinois Income Tax Act. Provides that the credit for student-assistance contributions sunsets on December 31, 2031 (currently, December 30, 2021). Provides that, for taxable years ending on or after December 31, 2021, the maximum student-...
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2021-05-04
[Hearing: May 13 @ 8:00 am]
To House Revenue & Finance Committee
ILSB1582EngrossAmends the Illinois Income Tax Act. Provides that, when a taxpayer sells or transfers the major part of (i) the stock of goods which he is engaged in the business of selling, (ii) furniture or fixtures, (iii) machinery and equipment, or (iv) real pro...
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2021-05-04
[Hearing: May 13 @ 8:00 am]
To House Revenue & Finance Committee
ILSB2037EngrossAmends 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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2021-05-04
[Hearing: May 12 @ 3:00 pm]
To House State Government Administration Committee
ILSB2279EngrossAmends the Department of Revenue Law of the Civil Administrative Code of Illinois and the Retailers' Occupation Tax Act. In provisions that allow the Department of Revenue to refuse to issue, reissue, or renew a certificate of registration, provides ...
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2021-05-04
[Hearing: May 13 @ 8:00 am]
To House Revenue & Finance Committee
ILSB2184IntroAmends the Illinois Income Tax Act. Provides that an individual taxpayer age 65 or older is entitled to the earned income tax credit without regard to the requirement under the federal Internal Revenue Code that an individual taxpayer without a quali...
[Detail][Text][Discuss]
2021-05-04
To Senate Assignments Committee
ILSB2153EngrossAmends the Hospital Licensing Act. Requires a hospital to provide a plan of correction to the Department of Public Health within 60 days if the hospital demonstrates a pattern or practice of failing to substantially comply with specified requirements...
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2021-05-04
[Hearing: May 13 @ 8:00 am]
To House Revenue & Finance Committee
ILSB2435EngrossCreates the First 2021 General Revisory Act. Combines multiple versions of Sections amended by more than one Public Act. Renumbers Sections of various Acts to eliminate duplication. Corrects obsolete cross-references and technical errors. Makes styli...
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2021-05-04
[Hearing: May 12 @ 10:00 am]
To House Executive Committee
ILSB0008IntroAmends the Illinois Income Tax Act. Makes a technical change in a Section concerning the earned income tax credit.
[Detail][Text][Discuss]
2021-04-30
Rule 2-10 Third Reading Deadline Established As May 21, 2021
ILSB1718IntroCreates the Clean Jobs, Workforce and Contractor Equity Act. Creates the Equity and Empowerment in Clean Energy Advisory Board to administer the Clean Jobs Workforce Hubs Program, the Expanding Clean Energy Entrepreneurship and Contractor Incubator N...
[Detail][Text][Discuss]
2021-04-30
To Senate Energy and Public Utilities Committee
ILSB2173IntroAmends 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]
2021-04-30
To Senate Revenue Committee
ILSB0157EngrossAmends the Illinois Income Tax Act. Provides that the credit for expenditures incurred in the restoration and preservation of a qualified historic structure located in a River Edge Redevelopment Zone applies for taxable years ending prior to January ...
[Detail][Text][Discuss]
2021-04-28
[Hearing: May 13 @ 8:00 am]
To House Revenue & Finance Committee
ILSB0166EngrossAmends the State Treasurer Act. Establishes the Illinois Higher Education Savings Program as a part of the College Savings Pool (currently, not a part of the College Savings Pool), subject to appropriation by the General Assembly. Requires the Depart...
[Detail][Text][Discuss]
2021-04-28
To House Executive Committee
ILHB3655EngrossAmends 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]
2021-04-27
To Senate Assignments Committee
ILHB3215IntroCreates 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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2021-04-23
To House Rules Committee
ILSB1156IntroAmends the Illinois Income Tax Act. Makes a technical change in a Section concerning the short title.
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2021-04-23
To Senate Assignments Committee
ILSB2053IntroAmends the Illinois Income Tax Act. Provides that each qualified teacher is entitled to an income tax credit in an aggregate amount equal to 50% of the tuition costs incurred by that teacher at a public university in the State. Provides that each qua...
[Detail][Text][Discuss]
2021-04-23
To Senate Assignments Committee
ILSB1868IntroAmends the Illinois Income Tax Act. Provides that each individual who serves as a volunteer firefighter or a volunteer EMS provider during the taxable year is entitled to a credit in an amount equal to $500. Effective immediately.
[Detail][Text][Discuss]
2021-04-22
To Senate Assignments Committee
ILHB3123IntroCreates the Build Illinois Homes Tax Credit Act. Provides that owners of qualified low-income housing developments are eligible for credits against (i) State income taxes and (ii) any privilege tax or retaliatory tax, penalty, fee, charge, or payment...
[Detail][Text][Discuss]
2021-04-21
To House Rules Committee
ILSB2126IntroAmends the Illinois Income Tax Act. Provides that all the corporations, wherever incorporated or domiciled, that are members of a unitary business shall file a combined return as a combined group. Makes changes to the definition of "unitary business"...
[Detail][Text][Discuss]
2021-04-21
To Senate Assignments Committee
ILSB2124IntroAmends the Illinois Income Tax Code. Provides, for tax years ending on or after December 31, 2021, a surcharge is imposed on an Illinois resident's low-taxed investment income. Defines "low-taxed investment income". Provides how the surcharge is calc...
[Detail][Text][Discuss]
2021-04-21
To Senate Assignments Committee
ILHB1492IntroAmends the Illinois Income Tax Act. Makes a technical change in a Section concerning the short title.
[Detail][Text][Discuss]
2021-04-20
Held on Calendar Order of Second Reading - Short Debate **
ILHB1500IntroAmends the Illinois Income Tax Act. Makes a technical change in a Section concerning tax checkoff explanations.
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2021-04-20
Held on Calendar Order of Second Reading - Short Debate **
ILHB1496IntroAmends the Illinois Income Tax Act. Makes a technical change in a Section concerning the sunset of exemptions, credits, and deductions.
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2021-04-20
Held on Calendar Order of Second Reading - Short Debate **
ILHB1497IntroAmends the Illinois Income Tax Act. Makes a technical change in a Section concerning income allocation.
[Detail][Text][Discuss]
2021-04-20
Held on Calendar Order of Second Reading - Short Debate **
ILHB1493IntroAmends the Illinois Income Tax Act. Makes a technical change in a Section concerning the short title.
[Detail][Text][Discuss]
2021-04-20
Held on Calendar Order of Second Reading - Short Debate **
ILHB1498IntroAmends the Illinois Income Tax Act. Makes a technical change in a Section concerning adjustments to base income by the Director of Revenue.
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2021-04-20
Held on Calendar Order of Second Reading - Short Debate **
ILHB1494IntroAmends the Illinois Income Tax Act. Makes a technical change in a Section concerning tax credits for providing child care for employees.
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2021-04-20
Held on Calendar Order of Second Reading - Short Debate **
ILHB1499IntroAmends the Illinois Income Tax Act. Makes a technical change in a Section concerning notices or regulations requiring records, statements, and special reports.
[Detail][Text][Discuss]
2021-04-20
Held on Calendar Order of Second Reading - Short Debate **
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