| IL | HB1251 | Intro
25% | Amends the Illinois Income Tax Act. In provisions concerning the angel investment credit, provides that the amount of the credit is 35% (rather than 25%) of the claimant's investment made directly in the qualified new business venture if the investme...
[Detail][Text][Discuss] | 2023-03-10
To House Rules Committee |
| IL | SB0050 | Intro
25% | Amends the Illinois Income Tax Act. Provides that each individual who serves as a volunteer firefighter, a volunteer EMS provider, or a volunteer emergency worker during the taxable year is entitled to a credit in an amount equal to $1,000. Effective...
[Detail][Text][Discuss] | 2023-03-10
To Senate Assignments Committee |
| IL | HB1350 | Intro
25% | Amends 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...
[Detail][Text][Discuss] | 2023-03-10
To House Rules Committee |
| IL | HB1372 | Intro
25% | Amends the Property Tax Code. Adds physical therapists to the list of health care providers who may examine a claimant for the homestead exemption for persons with disabilities. Provides that the chief county assessment officer in any county may rene...
[Detail][Text][Discuss] | 2023-03-10
To House Rules Committee |
| IL | SB0141 | Intro
25% | Amends the Illinois Income Tax Act. Creates an income tax credit for taxpayers who make an investment in depreciable property used primarily to collect or process reclaimable material or to manufacture products from reclaimed material. Sets forth the...
[Detail][Text][Discuss] | 2023-03-10
To Senate Assignments Committee |
| IL | HB1411 | Intro
25% | Amends the Property Tax Code. Provides that, for taxable years 2024 and thereafter, the maximum reduction is $10,000 in all counties. Effective immediately.
[Detail][Text][Discuss] | 2023-03-10
To House Rules Committee |
| IL | HB1410 | Intro
25% | Amends the Illinois Income Tax Act. Creates an income tax credit for businesses with an average of 100 or fewer full-time employees during the taxable year in an amount equal to 50% of the costs incurred by the business in offering a paid family leav...
[Detail][Text][Discuss] | 2023-03-10
To House Rules Committee |
| IL | HB1436 | Intro
25% | Amends Cannabis Regulation and Tax Act. Creates the Cannabis Equity and Oversight Commission. Provides that the Commission shall administer and enforce the provisions of the Act relating to the oversight, licensing, registration, and certification of...
[Detail][Text][Discuss] | 2023-03-10
To House Rules Committee |
| IL | HB1578 | Intro
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] | 2023-03-10
To House Rules Committee |
| IL | SB0189 | Intro
25% | 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" includes certain distributions to retired partners or shareholders under a retirement or disabilit...
[Detail][Text][Discuss] | 2023-03-10
To Senate Assignments Committee |
| IL | SB0164 | Intro
25% | Amends the Illinois Income Tax Act. Creates an income tax credit for an employer who hires a qualified employee to work at a location in the State. Sets forth the amount of the credit. Provides that the credit shall be increased if (i) the qualified ...
[Detail][Text][Discuss] | 2023-03-10
To Senate Assignments Committee |
| IL | HB1647 | Intro
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 January 1, 2024, the exemption for farm machinery and equipment also includes electrical power generat...
[Detail][Text][Discuss] | 2023-03-10
To House Rules Committee |
| IL | SB0304 | Intro
25% | Amends the Illinois Income Tax Act. In provisions concerning the angel investment credit, provides that the amount of the credit is 35% (rather than 25%) of the claimant's investment made directly in the qualified new business venture if the investme...
[Detail][Text][Discuss] | 2023-03-10
To Senate Assignments Committee |
| IL | SB0341 | Intro
25% | Amends the Illinois Income Tax Act. Creates a credit for financial institutions with less than $50,000,000,000 in assets in an amount equal to the aggregate amount of all fees, penalties, and any other income derived during the taxable year from each...
[Detail][Text][Discuss] | 2023-03-10
To Senate Assignments Committee |
| IL | SB0319 | Intro
25% | Amends the Property Tax Code. Provides that the county clerk shall abate 10% of the taxes imposed on qualified forest property that is part of a proposed new housing development. Provides that the owner of the property shall obtain approval from the ...
[Detail][Text][Discuss] | 2023-03-10
To Senate Assignments Committee |
| IL | HB2107 | Intro
25% | Amends the Property Tax Code. Provides that, in a county with 3,000,000 or more inhabitants, a person filing a tax objection complaint shall serve a copy of the tax objection complaint by electronic mail upon the applicable municipality and the schoo...
[Detail][Text][Discuss] | 2023-03-10
To House Rules Committee |
| IL | SB1249 | Intro
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 January 1, 2024, the exemption for farm machinery and equipment also includes electrical power generat...
[Detail][Text][Discuss] | 2023-03-10
To Senate Assignments Committee |
| IL | SB1295 | Intro
25% | Amends the Illinois Income Tax Act. Provides for a deduction in an amount equal to the amount paid to the taxpayer during the taxable year for services as a volunteer firefighter. Provides that the credit may not exceed $10,000 in any taxable year. E...
[Detail][Text][Discuss] | 2023-03-10
To Senate Assignments Committee |
| IL | HB2166 | Intro
25% | Amends the Property Tax Code. Makes changes concerning the notice of tax sale and redemption rights. Provides that the specific redemption amount need not be included in the notice. Provides that the notice shall contain certain information concernin...
[Detail][Text][Discuss] | 2023-03-10
To House Rules Committee |
| IL | HB2164 | Intro
25% | Amends the Property Tax Code. Provides that, in Cook County, service of notice of the expiration of the period of redemption may be made by a private detective, but only if the purchaser or assignee also delivers the notice to a sheriff (or the sheri...
[Detail][Text][Discuss] | 2023-03-10
To House Rules Committee |
| IL | HB2163 | Intro
25% | Amends the Property Tax Code. In provisions concerning the indemnity fund, provides that the tax purchaser shall pay to the county collector an additional amount equal to 2.5% of the amount of any subsequent taxes on the property that are paid by the...
[Detail][Text][Discuss] | 2023-03-10
To House Rules Committee |
| IL | HB2162 | Intro
25% | Amends the Property Tax Code. Provides that a party who successfully contests the entry of an order directing the county clerk to issue a tax deed shall pay certain specified fees and costs to the tax deed grantee or the owner of the certificate of p...
[Detail][Text][Discuss] | 2023-03-10
To House Rules Committee |
| IL | SB1322 | Intro
25% | Amends the Property Tax Code. Provides that, in counties with 3,000,000 or more inhabitants, taxpayers of income-producing property shall submit income and expense data annually to the chief county assessment officer on or before July 1 of each year....
[Detail][Text][Discuss] | 2023-03-10
To Senate Assignments Committee |
| IL | SB1439 | Intro
25% | Amends the Illinois income Tax Act. Provides that, for purposes of the tax credit for instructional materials and supplies, the term "qualified school" also includes public institutions of higher education. Effective immediately.
[Detail][Text][Discuss] | 2023-03-10
To Senate Assignments Committee |
| IL | SB1492 | Intro
25% | Amends the State Finance Act. Creates the Financially Distressed Cities Fund. Amends the State Revenue Sharing Act and the Illinois Income Tax Act. Provides that the Comptroller shall monthly transfer to the Financially Distressed Cities Fund an amou...
[Detail][Text][Discuss] | 2023-03-10
To Senate Assignments Committee |
| IL | HB2197 | Intro
25% | Amends the Property Tax Code. Provides that property that is used as a qualified residence by a police officer or firefighter with a duty-related disability is exempt from taxation under the Code. Effective immediately.
[Detail][Text][Discuss] | 2023-03-10
To House Rules Committee |
| IL | SB1496 | Intro
25% | Amends the Illinois Income Tax Act. Provides that an individual taxpayer who (i) provides behind-the-wheel commercial driving instruction for at least 160 hours during the taxable year to an individual who holds a commercial learner's permit, (ii) ac...
[Detail][Text][Discuss] | 2023-03-10
To Senate Assignments Committee |
| IL | HB2221 | Intro
25% | Amends the Illinois Income Tax Act. Creates an income tax credit for taxpayers who have an approved NFPA 13D residential fire sprinkler system installed in a new or existing residential dwelling in the State during the taxable year. Provides that the...
[Detail][Text][Discuss] | 2023-03-10
To House Rules Committee |
| IL | SB1610 | Intro
25% | Amends the Use Tax Act, the Retailers' Occupation Tax Act, and the State Finance Act. Provides for a sales tax holiday on school supplies from August 5, 2023 through August 14, 2023. Effective immediately.
[Detail][Text][Discuss] | 2023-03-10
To Senate Assignments Committee |
| IL | SB1642 | Intro
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 police officers and firefighters with duty-related disabilities. Effective immediately.
[Detail][Text][Discuss] | 2023-03-10
To Senate Assignments Committee |
| IL | SB1533 | Intro
25% | Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that, for persons dying on or after January 1, 2024, the exclusion amount shall be the applicable exclusion amount calculated under Section 2010 of the Internal Revenue Cod...
[Detail][Text][Discuss] | 2023-03-10
To Senate Assignments Committee |
| IL | HB2236 | Intro
25% | Amends the Property Tax Code. Provides that the notice of the transfer of property that is exempt for orphanage, school, or religious purposes shall be filed with the county clerk (currently, the county recorder).
[Detail][Text][Discuss] | 2023-03-10
To House Rules Committee |
| IL | HB2256 | Intro
25% | Amends the Illinois Income Tax Act. Creates a deduction for the full amount of union dues paid by the taxpayer during the taxable year if the taxpayer was not allowed a federal deduction under the Internal Revenue Code. Provides that, if any amount o...
[Detail][Text][Discuss] | 2023-03-10
To House Rules Committee |
| IL | SB1836 | Intro
25% | Amends the Illinois Income Tax Act. Creates an income tax credit for individual taxpayers who rent a dwelling in Illinois for use as their principal place of residence. Provides that the credit shall be equal to 5% of the documented rental costs paid...
[Detail][Text][Discuss] | 2023-03-10
To Senate Assignments Committee |
| IL | HB2237 | Intro
25% | 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] | 2023-03-10
To House Rules Committee |
| IL | SB1950 | Intro
25% | Amends the Cigarette Tax Act and the Cigarette Use Tax Act. Provides that a licensed retailer or an agent or employee of a licensed retailer is guilty of a Class 4 felony for knowingly violating provisions concerning the sale of loose cigarettes (cur...
[Detail][Text][Discuss] | 2023-03-10
To Senate Assignments Committee |
| IL | SB1862 | Intro
25% | Amends the Property Tax Code. In a Section granting a homestead exemption to veterans with disabilities, provides that property that is used as a qualified residence by a veteran who was a member of the United States Armed Forces during World War II ...
[Detail][Text][Discuss] | 2023-03-10
To Senate Assignments Committee |
| IL | SB1903 | Intro
25% | Amends 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, if the taxpayer is located in a rural or economically challenged...
[Detail][Text][Discuss] | 2023-03-10
To Senate Assignments Committee |
| IL | SB1841 | Intro
25% | Amends the Use Tax Act and the Retailers' Occupation Tax Act. Provides that, with respect to the sale of a manufactured home, if the purchase is the first purchase of the manufactured home for use as a dwelling and the purchaser certifies that the ma...
[Detail][Text][Discuss] | 2023-03-10
To Senate Assignments Committee |
| IL | SB2036 | Intro
25% | Amends the Tobacco Products Tax Act of 1995. Provides that, beginning January 1, 2024, the tax per cigar sold or otherwise disposed of shall not exceed $0.50 per cigar, excluding little cigars. Provides that distributors are allowed a discount in the...
[Detail][Text][Discuss] | 2023-03-10
To Senate Assignments Committee |
| IL | SB1725 | Intro
25% | Amends the Property Tax Code. Creates a middle-class tax credit limited to a reduction in the equalized assessed value of homestead property owned by a middle-class taxpayer of 5% of the equalized assessed value of the property for the current assess...
[Detail][Text][Discuss] | 2023-03-10
To Senate Assignments Committee |
| IL | SB1906 | Intro
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 (i) the portion of income or loss that is received from a trade or business cond...
[Detail][Text][Discuss] | 2023-03-10
To Senate Assignments Committee |
| IL | SB1809 | Intro
25% | Amends the Economic Development for a Growing Economy Tax Credit Act. Provides that the recipient of a credit under the Act may apply for a certificate of transferability of credit from the Department of Commerce and Economic Opportunity for the amou...
[Detail][Text][Discuss] | 2023-03-10
To Senate Assignments Committee |
| IL | SB1797 | Intro
25% | Amends various Acts by replacing the terms "day care", "daycare", and "day-care", in relation to the care of a child, with the term "child care".
[Detail][Text][Discuss] | 2023-03-10
To Senate Assignments Committee |
| IL | SB2074 | Intro
25% | Amends the Property Tax Code. Provides that a school district, a unit of local government, a municipality, county, township, fire protection district, or any special district within the county of DuPage may perform special assessments upon any other ...
[Detail][Text][Discuss] | 2023-03-10
To Senate Assignments Committee |
| IL | HB2275 | Intro
25% | Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that, for levy years 2024 through 2034, the term "taxing district" means all taxing districts in the State, including home rule units. Provides that, for levy years 2...
[Detail][Text][Discuss] | 2023-03-10
To House Rules Committee |
| IL | SB2127 | Intro
25% | Creates the Illinois Clean Elections Act. Establishes a voluntary method of public financing of the campaigns of candidates for statewide constitutional offices and the General Assembly. Amends the State Finance Act to create the Illinois Clean Elect...
[Detail][Text][Discuss] | 2023-03-10
To Senate Assignments Committee |
| IL | SB2196 | Intro
25% | Amends the Illinois Income Tax Act. Creates a deduction in an amount equal to the deductions and credits that were disallowed under Section 280E of the Internal Revenue Code for the taxable year. Amends the Civic Center Code, the Flood Prevention Dis...
[Detail][Text][Discuss] | 2023-03-10
To Senate Assignments Committee |
| IL | SB2282 | Intro
25% | Amends the Illinois Income Tax Act. Creates an income tax credit for taxpayers who employ qualified employees. Provides that the term "qualified employee" means an individual who (i) is employed by the taxpayer as an engineer and (ii) graduated from ...
[Detail][Text][Discuss] | 2023-03-10
To Senate Assignments Committee |
| IL | SB2318 | Intro
25% | Amends the Property Tax Code. Provides that, beginning in taxable year 2024, the maximum income limitation for the low-income senior citizens assessment freeze homestead exemption shall be increased each year by the percentage increase, if any, in th...
[Detail][Text][Discuss] | 2023-03-10
To Senate Assignments Committee |
