Illinois Code | Chapter 35 Article 5

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ILHB2585Intro
25%
Amends the Illinois Income Tax Act. Creates an income tax credit for each employer taxpayer in an amount equal to $5,000 for each military spouse hired by the taxpayer during the taxable year. Effective immediately.
[Detail][Text][Discuss]
2024-02-02
To House Rules Committee
ILHB3169Intro
25%
Amends the Illinois Income Tax Act. Provides that the Department of Revenue shall pay an annual rebate to each individual taxpayer who files an Illinois income tax return with the Department on or before the second Friday in October of the calendar y...
[Detail][Text][Discuss]
2024-02-02
To House Rules Committee
ILHB4610Intro
25%
Amends the Illinois Income Tax Act. Makes a technical change in a Section concerning the sunset of exemptions, credits, and deductions.
[Detail][Text][Discuss]
2024-01-31
To House Rules Committee
ILSB2981Intro
25%
Amends 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]
2024-01-31
To Senate Assignments Committee
ILHB1116Intro
25%
Amends the Illinois Income Tax Act. Increases the amount transferred from the General Revenue Fund to the Local Government Distributive Fund. Effective immediately.
[Detail][Text][Discuss]
2024-01-26
Added Co-Sponsor Rep. Michael J. Kelly
ILHB3950Intro
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 ...
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2024-01-19
To House Rules Committee
ILHB4299Intro
25%
Amends the Invest in Kids Act. Provides that the credit under the Act is available for tax years ending before January 1, 2029 (currently, January 1, 2024). Effective immediately.
[Detail][Text][Discuss]
2024-01-16
To House Rules Committee
ILHB4341Intro
25%
Amends the State Treasurer Act. Provides that the State Treasurer shall establish and administer the Invest in Illinois Higher Education Program for the purposes of expanding access to higher education through scholarships awarded from the Invest in ...
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2024-01-16
To House Rules Committee
ILHB4383Intro
25%
Amends the Illinois Income Tax Act. Makes a technical change in a Section concerning a tax credit for property taxes.
[Detail][Text][Discuss]
2024-01-16
To House Rules Committee
ILHB4384Intro
25%
Amends the Illinois Income Tax Act. Makes a technical change in a Section concerning a tax credit for property taxes.
[Detail][Text][Discuss]
2024-01-16
To House Rules Committee
ILHB4382Intro
25%
Amends the Illinois Income Tax Act. Makes a technical change in a Section concerning a tax credit for property taxes.
[Detail][Text][Discuss]
2024-01-16
To House Rules Committee
ILSB0805Engross
50%
Creates the Master Development Plan Recognition Act. Provides that certain contributions made by the State or units of local government are considered made pursuant to a master development plan within the meaning of Section 118 of the Internal Revenu...
[Detail][Text][Discuss]
2023-12-10
To Senate Assignments Committee
ILHB3003Intro
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...
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2023-11-21
To House Rules Committee
ILHB3205Intro
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 ...
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2023-11-21
To House Rules Committee
ILHB1250Intro
25%
Amends the Illinois Income Tax Act. Creates an energy price relief income tax credit. Sets forth the amount of the credit, which shall be a percentage of the total amount paid by the taxpayer during the taxable year for energy supplied to a property ...
[Detail][Text][Discuss]
2023-11-08
To House Rules Committee
ILHB4194Intro
25%
Amends the Invest in Kids Act. Provides that a taxpayer may take a credit under the Act for tax years ending before January 1, 2029 (currently January 1, 2024). Provides that, beginning in calendar year 2024, the aggregate amount of credits the Depar...
[Detail][Text][Discuss]
2023-10-25
To House Rules Committee
ILHB4105Intro
25%
Amends 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.
[Detail][Text][Discuss]
2023-10-18
To House Rules Committee
ILHB4157Intro
25%
Amends the Illinois Income Tax Act. Provides that, when calculating the taxpayer's base income, the taxpayer's federal adjusted gross income shall be modified to exclude the portion of the income or loss received from a trade or business conducted wi...
[Detail][Text][Discuss]
2023-10-18
To House Rules Committee
ILSB2149Intro
25%
Amends the Invest in Kids Act. Provides that the Invest in Kids credit applies on a permanent basis. Removes a limitation that the credit may not be taken for any qualified contribution for which the taxpayer claims a federal income tax deduction. Am...
[Detail][Text][Discuss]
2023-10-16
To Senate Assignments Committee
ILHB2051Intro
25%
Creates the Hydrogen Fuel Replacement Tax Credit Act. Creates an income tax credit for eligible taxpayers in an amount equal to $1 per kilogram of eligible zero-carbon hydrogen used by the eligible taxpayer during the tax year for which a credit is s...
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2023-10-04
To House Rules Committee
ILHB3537Intro
25%
Amends the Illinois Income Tax Act and the Invest in Kids Act. Provides that the Invest in Kids credit applies for taxable years ending before January 1, 2034 (currently, January 1, 2024). Effective immediately.
[Detail][Text][Discuss]
2023-10-04
To House Rules Committee
ILSB2047PassAmends the Illinois Income Tax Act. Provides that, if the taxpayer is a partnership or Subchapter S corporation, the credit is allowed to pass through to the partners and shareholders in accordance with the determination of income and distributive sh...
[Detail][Text][Discuss]
2023-07-28
Public Act . . . . . . . . . 103-0396
ILHB1343Intro
25%
Amends the Illinois Income Tax Act. Creates an income tax credit for an owner of an agricultural asset who sells or rents the agricultural asset to a beginning farmer. Provides that the credit shall be equal to: (1) 5% of the lesser of the sale price...
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2023-07-25
To House Rules Committee
ILHB2289PassCreates the First 2023 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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2023-06-30
Public Act . . . . . . . . . 103-0154
ILSB0804Intro
25%
Amends the Illinois Income Tax Act. Makes a technical change in a Section concerning the short title.
[Detail][Text][Discuss]
2023-06-26
To Senate Assignments Committee
ILSB1148Intro
25%
Amends the Illinois Income Tax Act. Makes a technical change in a Section concerning the short title.
[Detail][Text][Discuss]
2023-06-26
To Senate Assignments Committee
ILSB0806Intro
25%
Amends the Illinois Income Tax Act. Makes a technical change in a Section concerning the short title.
[Detail][Text][Discuss]
2023-06-26
To Senate Assignments Committee
ILSB1145Intro
25%
Amends the Illinois Income Tax Act. Makes a technical change in a Section concerning the short title.
[Detail][Text][Discuss]
2023-06-26
To Senate Assignments Committee
ILSB1385Intro
25%
Amends the Illinois Income Tax Act. Makes a technical change in a Section concerning the short title.
[Detail][Text][Discuss]
2023-06-12
To Senate Assignments Committee
ILHB2087Intro
25%
Amends the Illinois Income Tax Act. Provides that the following amounts shall be deposited into the Local Government Distributive Fund as the revenue is realized from the specified taxes: (i) 8% of the net revenue realized from the tax imposed under ...
[Detail][Text][Discuss]
2023-05-24
To House Rules Committee
ILSB1737Intro
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]
2023-05-24
To Senate Assignments Committee
ILHB3368Intro
25%
Amends the Illinois Income Tax Act. Creates an income tax credit for each individual taxpayer who (i) is a healthcare provider who, for the purpose of providing reproductive care or gender-affirming care in this State, permanently relocates during th...
[Detail][Text][Discuss]
2023-05-18
To House Rules Committee
ILHB2417Intro
25%
Creates the Illinois Biomanufacturing Act. Establishes the Illinois Biomanufacturing Institute. Directs the Institute to cooperate with biomanufacturing centers in Illinois with the goal of making those centers into incubators of local job creation. ...
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2023-05-16
To House Rules Committee
ILSB2253Intro
25%
Amends the Illinois Income Tax Act. Provides that for taxable years beginning on or after January 1, 2023, each individual who serves as a volunteer emergency worker for at least 9 months during the taxable year and does not receive compensation for ...
[Detail][Text][Discuss]
2023-05-11
To Senate Assignments Committee
ILSB2206Intro
25%
Amends the Illinois Income Tax Act. Provides that an amount equal to 10% of the net revenue realized from the State income tax during the preceding month shall be transferred from the General Revenue Fund to the Local Government Distributive Fund (cu...
[Detail][Text][Discuss]
2023-05-11
To Senate Assignments Committee
ILHB3544Intro
25%
Amends the Illinois Income Tax Act. Creates an income tax credit for custodians of qualifying pupils for eligible education expenses related to online learning, including computers, printers, internet access, textbooks, tutors, and educational facili...
[Detail][Text][Discuss]
2023-05-11
To House Rules Committee
ILSB1832Intro
25%
Amends the Illinois Income Tax Act. Provides that the research and development credit applies for taxable years ending prior to January 1, 2037 (currently, January 1, 2027). Provides that, in the case of qualifying quantum information science expendi...
[Detail][Text][Discuss]
2023-05-10
To Senate Assignments Committee
ILHB3039Intro
25%
Creates the Extremely High Wealth Mark-to-Market Tax Act. Provides that a resident taxpayer with net assets worth $1,000,000,000 or more on December 31 of the tax year shall recognize gains or losses as if each asset owned by that taxpayer on Decembe...
[Detail][Text][Discuss]
2023-05-10
To House Rules Committee
ILHB4062Intro
25%
Amends the Illinois Income Tax Act. Provides that the following amounts shall be deposited into the Local Government Distributive Fund as the revenue is realized from the specified taxes: (i) 10% of the net revenue realized from the tax imposed under...
[Detail][Text][Discuss]
2023-05-10
To House Rules Committee
ILHB2044Intro
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]
2023-05-03
To House Rules Committee
ILSB1146Intro
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]
2023-04-28
To Senate Assignments Committee
ILSB1147Engross
50%
Amends the Illinois Income Tax Act. Provides that, in the case of an entity that elects entity-level tax treatment under the Act, the term "net income" does not include certain distributions to retired partners or shareholders under a retirement or d...
[Detail][Text][Discuss]
2023-04-28
To House Rules Committee
ILSB1149Intro
25%
Amends the Illinois Income Tax Act. Makes a technical change in a Section concerning the short title.
[Detail][Text][Discuss]
2023-04-28
To Senate Assignments Committee
ILSB1151Intro
25%
Amends the Illinois Income Tax Act. Makes a technical change in a Section concerning the short title.
[Detail][Text][Discuss]
2023-04-28
To Senate Assignments Committee
ILSB1152Intro
25%
Amends the Illinois Income Tax Act. Makes a technical change in a Section concerning the short title.
[Detail][Text][Discuss]
2023-04-28
To Senate Assignments Committee
ILSB1880Engross
50%
Amends 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]
2023-04-28
To House Rules Committee
ILSB1711Intro
25%
Creates the Hydrogen Fuel Replacement Tax Credit Act. Creates an income tax credit for eligible taxpayers in an amount equal to $1 per kilogram of eligible zero-carbon hydrogen used by the eligible taxpayer during the tax year for which a credit is s...
[Detail][Text][Discuss]
2023-04-28
To Senate Assignments Committee
ILHB1513Intro
25%
Amends the Historic Preservation Tax Credit Act. Extends the sunset of the credit to December 31, 2028 (currently, December 31, 2023). Provides that, in each calendar year beginning on or after January 1, 2024 and ending on or before December 31, 202...
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2023-04-20
To House Rules Committee
ILSB0180Intro
25%
Amends the Illinois Income Tax Act. Increases the amount transferred from the General Revenue Fund to the Local Government Distributive Fund. Effective immediately.
[Detail][Text][Discuss]
2023-04-17
To Senate Assignments Committee
ILSB0019Intro
25%
Amends the Illinois Income Tax Act. Makes a technical change in a Section concerning the short title.
[Detail][Text][Discuss]
2023-03-31
To Senate Assignments Committee
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