Illinois Code | Chapter 35 | Senate

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ILSB2717Intro
25%
Amends the Illinois Income Tax Act. Creates an income tax credit for taxpayers who are the custodians of one or more children who attend an eligible preschool program in the State during the taxable year. Provides that the amount of the credit shall ...
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2024-03-26
To Senate Revenue Committee
ILSB3104Intro
25%
Amends the Illinois Income Tax Act. Creates a child care credit in an amount equal to 25% of the federal tax credit for each qualifying child. Effective immediately.
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2024-03-26
To Senate Revenue Committee
ILSB2656Intro
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...
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2024-03-25
To Senate Assignments Committee
ILSB3273Intro
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...
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2024-03-25
To Senate Assignments Committee
ILSB3395Intro
25%
Creates the Music and Musicians Tax Credit and Jobs Act. Provides that the Department of Commerce and Economic Opportunity may award credits to qualified music companies. Creates the Music Education Scholarship Act. Provides that the Board of Higher ...
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2024-03-25
To Senate Revenue Committee
ILSB2911Intro
25%
Amends the Property Tax Code. Reinserts the provisions of the introduced bill. Provides that the tax incentivized development must be established by an intergovernmental agreement to which the taxing district is a party. Effective immediately.
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2024-03-22
Placed on Calendar Order of 2nd Reading April 9, 2024
ILSB2878Intro
25%
Amends the Property Tax Code. In provisions concerning the senior citizens homestead exemption, permanently removes the requirement to reapply for the exemption in counties with 3,000,000 or more inhabitants (currently, that requirement was eliminate...
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2024-03-22
Placed on Calendar Order of 3rd Reading April 9, 2024
ILSB3329Intro
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.
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2024-03-22
To Senate Assignments Committee
ILSB3475Intro
25%
Amends the Hotel Operators' Occupation Tax Act. Makes changes concerning the distribution of proceeds under the Act. Effective immediately.
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2024-03-22
Added as Chief Co-Sponsor Sen. Sara Feigenholtz
ILSB3476Intro
25%
Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides that home-delivered meals provided to Medicare or Medicaid recipients when payment is made by an intermediary pursuant to...
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2024-03-22
Placed on Calendar Order of 3rd Reading April 9, 2024
ILSB3806Intro
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...
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2024-03-22
Senate Floor Amendment No. 1 Recommend Do Adopt Revenue; 009-000-000
ILSB3725Intro
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...
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2024-03-22
To Senate Assignments Committee
ILSB2832Intro
25%
Amends the Property Tax Code. Provides that no interest or penalties shall be imposed with respect to property that is included in a decedent's probate estate at the time of a delinquency if the representative of the decedent's estate applies with th...
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2024-03-21
Added as Co-Sponsor Sen. Seth Lewis
ILSB2936Intro
25%
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...
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2024-03-21
Placed on Calendar Order of 3rd Reading March 22, 2024
ILSB3426Intro
25%
Amends the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Makes changes concerning the exemption for materials, parts, equipment, components, and furnishings incorporated into or upon an aircraft. Amends t...
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2024-03-21
Placed on Calendar Order of 3rd Reading March 22, 2024
ILSB3452Intro
25%
Amends the Cigarette Tax Act, the Cigarette Use Tax Act, the Tobacco Products Tax Act of 1995, and the Cannabis Regulation and Tax Act. In provisions concerning administrative hearings regarding the seizure of certain contraband products, provides th...
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2024-03-21
Placed on Calendar Order of 3rd Reading March 22, 2024
ILSB3567Intro
25%
Amends the Truth in Taxation Law in the Property Tax Code. In provisions concerning Truth in Taxation notices, provides that the notice shall be conspicuously posted (currently, posted) on the taxing district's homepage or on a page accessible throug...
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2024-03-21
Senate Floor Amendment No. 1 Referred to Assignments
ILSB3496Intro
25%
Amends the Hotel Operators' Occupation Tax Act. Provides that re-renters of hotel rooms who meet certain criteria related to gross receipts or number of transactions are required to collect and remit the tax under the Act. Effective immediately.
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2024-03-21
Placed on Calendar Order of 3rd Reading March 22, 2024
ILSB0807Intro
25%
Amends the Illinois Income Tax Act. Makes a technical change in a Section concerning the short title.
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2024-03-20
Placed on Calendar Order of 3rd Reading March 21, 2024
ILSB0808Intro
25%
Amends the Illinois Income Tax Act. Makes a technical change in a Section concerning the short title.
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2024-03-20
Placed on Calendar Order of 3rd Reading March 21, 2024
ILSB2030Intro
25%
Amends the Property Tax Code. Provides that, for taxable year 2023, the maximum income limitation for the low-income senior citizens assessment freeze homestead exemption is (i) $75,000 for qualified property in a county with 3,000,000 or more inhabi...
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2024-03-20
Added as Co-Sponsor Sen. Michael W. Halpin
ILSB2213Engross
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...
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2024-03-20
House Floor Amendment No. 3 Rules Refers to Revenue & Finance Committee
ILSB2921Intro
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...
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2024-03-20
To Senate Assignments Committee
ILSB3056Intro
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
ILSB3057Intro
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
ILSB3055Intro
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
ILSB3573Intro
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, ...
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2024-03-20
To Senate Revenue Committee
ILSB3695Intro
25%
Creates the Compassionate Use and Research of Entheogens Act. Establishes the Illinois Psilocybin Advisory Board within the Department of Financial and Professional Regulation for the purpose of advising and making recommendations to the Department r...
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2024-03-19
To Senate Assignments Committee
ILSB0280Intro
25%
Creates the Department of Lottery and Gaming Act. Creates the Department of Lottery and Gaming to consolidate the functions of the Department of the Lottery, the Illinois Racing Board, and the Illinois Gaming Board. Creates the Lottery and Gaming Boa...
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2024-03-15
To Senate Gaming, Wagering, and Racing Committee
ILSB0172Intro
25%
Creates the Endow Illinois Tax Credit Act. Provides that the Department of Revenue shall award income tax credits to taxpayers who provide an endowment gift to a permanent endowment fund during the taxable year and receive a certificate of receipt fo...
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2024-03-15
To Senate Assignments Committee
ILSB0163Intro
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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2024-03-15
To Senate Assignments Committee
ILSB0238Intro
25%
Amends the Business Enterprise for Minorities, Women, and Persons with Disabilities Act. Modifies the provisions of the Act to apply to veterans and veteran-owned businesses. Modifies a Section concerning the short title. Changes the title of the Act...
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2024-03-15
To Senate Procurement Committee
ILSB0210Intro
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 ...
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2024-03-15
To Senate Assignments Committee
ILSB0316Intro
25%
Amends the Property Tax Code. Provides that railroad property shall be assessed based on the location of the property (rather than as a unit).
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2024-03-15
Rule 2-10 Committee Deadline Established As April 5, 2024
ILSB0318Intro
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 ...
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2024-03-15
To Senate Assignments Committee
ILSB1284Intro
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...
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2024-03-15
To Senate Assignments Committee
ILSB1313Intro
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...
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2024-03-15
To Senate Assignments Committee
ILSB1444Intro
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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2024-03-15
To Senate Assignments Committee
ILSB1583Intro
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...
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2024-03-15
To Senate Assignments Committee
ILSB1532Intro
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...
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2024-03-15
To Senate Assignments Committee
ILSB1530Intro
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...
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2024-03-15
To Senate Assignments Committee
ILSB1744Intro
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. ...
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2024-03-15
To Senate Assignments Committee
ILSB1810Intro
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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2024-03-15
To Senate Assignments Committee
ILSB1819Intro
25%
Amends the Property Tax Code. Provides that the assessor shall publish the assessed value of all property that qualifies for a hospital exemption under the Code in the taxable year as well as the estimated property tax liability for that property. Am...
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2024-03-15
To Senate Assignments Committee
ILSB2075Intro
25%
Amends Illinois Income Tax Act. Creates a legacy tax credit for businesses that are headquartered in the State. Creates an employee tax credit and a collective bargaining employee tax credit. Effective immediately.
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2024-03-15
Rule 2-10 Committee Deadline Established As April 5, 2024
ILSB2084Intro
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...
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2024-03-15
To Senate Assignments Committee
ILSB2108Intro
25%
Amends the Property Tax Code. Provides that, for taxable years 2024 and thereafter, in the case of a veteran with any service connected disability, the property is exempt from taxation under this Code. Removes a requirement that taxpayers receiving t...
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2024-03-15
Rule 2-10 Committee Deadline Established As April 5, 2024
ILSB2317Intro
25%
Amends the Property Tax Code. Provides that property that has been granted the homestead exemption for veterans with disabilities is 100% exempt from taxation under the Code if the veteran has a service connected disability of 60% or more (currently,...
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2024-03-15
Rule 2-10 Committee Deadline Established As April 5, 2024
ILSB2201Intro
25%
Amends the Use Tax Act and the Retailers' Occupation Tax Act. Provides that the taxes also apply to leases of tangible personal property, other than computer software, property that is subject to the Rental Purchase Agreement Occupation and Use Tax A...
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2024-03-15
Rule 2-10 Committee Deadline Established As April 5, 2024
ILSB2207Intro
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
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