Bills Pending Illinois House Revenue & Finance Committee | Scheduled

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ILSB2936Engross
50%		Amends the Property Tax Code. Provides that the abatement for property located in an area of urban decay also applies to newly remodeled single-family or duplex residential dwelling units (currently, only newly constructed single-family or duplex dwe...
[Detail][Text][Discuss]		2024-05-03
[Hearing: May 9 @ 8:00 am]
To House Revenue & Finance Committee
ILSB2906Engross
50%		Amends the Home Rule County Use Tax Law of the Counties Code. Provides that, if a home rule county imposes a home rule county use tax, then the tax shall be collected by the Department of Revenue when the property is purchased at retail from a retail...
[Detail][Text][Discuss]		2024-05-03
[Hearing: May 9 @ 8:00 am]
To House Revenue & Finance Committee
ILSB2859Engross
50%		Amends the Property Tax Code. Provides that regional wastewater facilities shall be valued at 33 1/3% of the fair cash value of the facility, with consideration given to the probable net value that could be realized by the owner if the facility were ...
[Detail][Text][Discuss]		2024-05-03
[Hearing: May 9 @ 8:00 am]
To House Revenue & Finance Committee
ILSB3155Engross
50%		Amends the Illinois Income Tax Act. In provisions requiring a claimant or claimants to repay certain amounts received under the angel investment tax credit if a qualified new business venture fails to maintain its minimum employment threshold, provid...
[Detail][Text][Discuss]		2024-05-03
[Hearing: May 9 @ 8:00 am]
To House Revenue & Finance Committee
ILSB3455Engross
50%		Reinserts the provisions of the introduced bill. Provides that the Department of Revenue may determine the scope of the historical data necessary to complete the study, but in no event shall the scope or time period be less than the 10 most recent ta...
[Detail][Text][Discuss]		2024-05-03
[Hearing: May 9 @ 8:00 am]
To House Revenue & Finance Committee
ILSB3563Engross
50%		Amends the Illinois Local Library Act. Provides that the bond of a library treasurer or custodian of the moneys paid over to a library board shall not be less than 10% (rather than 50%) of the total funds received by the library in the last fiscal ye...
[Detail][Text][Discuss]		2024-05-03
[Hearing: May 9 @ 8:00 am]
To House Revenue & Finance Committee
ILSB3209Engross
50%		Amends the Property Tax Code. In provisions concerning charitable exemptions granted to limited liability companies, removes a requirement that the limited liability company must be a disregarded entity for federal and Illinois income tax purposes. E...
[Detail][Text][Discuss]		2024-05-03
[Hearing: May 9 @ 8:00 am]
To House Revenue & Finance Committee
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