| IL | HB3390 | Intro
25% | Amends the Property Tax Code. Provides that, beginning with the 2024 tax year (to be collected in 2025), the total tax bill for property receiving the General Homestead Exemption may not exceed 103% of the total property tax bill for the property for...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB3399 | Intro
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 (currently, $65,000). Provides that, beginning in taxable year 2025,...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB3431 | Intro
25% | Amends the Film Production Services Tax Credit Act of 2008. Provides that the term "accredited production" does not include a talk show produced for a local or regional market and does not include a reality competition production. Provides that the c...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB3278 | Intro
25% | Amends the Illinois Income Tax Act. Creates a deduction in an amount equal to the capital gains realized by the taxpayer from the taking of property by eminent domain to the extent that those gains are included in the taxpayer's federal taxable incom...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB3273 | Intro
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. ...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB3645 | Intro
25% | Amends the Property Tax Code. Creates the School District Extension Freeze Law. Provides that, if at the end of any levy year, a school district has reserves of 50% or more of its operating budget, then the school district's extension for all purpose...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB3797 | Intro
25% | Amends the Illinois Income Tax Act. Creates a credit in an amount equal to the investment made by the taxpayer during the taxable year in a Qualified Opportunity Fund. Provides that no such credit may be taken for any taxable year that begins prior t...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB3686 | Intro
25% | Amends the Illinois Income Tax Act. Provides that the rate of tax on individuals, trusts, and estates is 4.85% (currently, 4.95%). Makes a conforming change concerning the pass-through entity tax. Effective immediately.
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB3463 | Intro
25% | Amends the Property Tax Code. In provisions concerning an exemption for veterans with disabilities who qualify for Specially Adapted Housing, increases the maximum assessed value of the property from $100,000 to $150,000. Effective immediately.
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB3511 | Intro
25% | Amends the Property Tax Code. Provides that, if property qualifies for the senior citizens homestead exemption, but the property owner fails to apply for the exemption during the application period, then the property owner may apply to any or all of ...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB3580 | Intro
25% | Amends the Illinois Income Tax Act. Provides that the amendatory Act may be referred to as the Reshore Our Supply Chains Tax Reform Act. In specified provisions concerning base income, provides that a taxpayer may claim a depreciation deduction for f...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB3468 | 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 30 days after the effective date of the amendatory Act, the cents per gallon rate established by the Depa...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB3616 | Intro
25% | Amends the Film Production Services Tax Credit Act of 2008. Provides that an accredited production may not include intense or persistent depictions of firearm violence. Provides for the recapture of credits if the taxpayer fails to comply with the pr...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB3678 | Intro
25% | Amends the Illinois Income Tax Act. Creates an income tax credit for individual taxpayers who participate in an apprenticeship program during the taxable year. Provides that the credit is equal to the unreimbursed expenses incurred by the taxpayer to...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB3685 | Intro
25% | Amends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to the foster care expenses, not to exceed $1,000 in any taxable year, paid or incurred by the taxpayer with respect to a qualified dependent child. Provides that the...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | SB2553 | Intro
25% | Amends the Hotel Operators' Occupation Tax Act. Creates an exemption for gross rental receipts received by a hotel operator when renting, leasing, or letting rooms to an entity that (i) is organized and operated exclusively for charitable, religious,...
[Detail][Text][Discuss] | 2024-04-05
To Senate Revenue Committee |
| IL | HB4088 | 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] | 2024-04-05
To House Rules Committee |
| IL | HB4089 | Intro
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. ...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB4106 | Intro
25% | Amends the Illinois Income Tax Act. Provides that a qualified taxpayer that has begun construction on a qualified restoration or preservation project prior to December 31, 2026, will be eligible to receive the tax credit until the taxable year that t...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB4114 | Intro
25% | Amends the Use Tax Act and the Retailers' Occupation Tax Act. Creates a sales tax holiday period for certain school supplies from August 2, 2024 through August 11, 2024.Effective immediately.
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB4115 | 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 is the greater of $12,900,000 or the applicable exclusion amount calculated under specified provis...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB4132 | Intro
25% | Amends the Property Tax Code. In a Section regarding property tax exemptions for charitable purposes, provides that property held by a charitable organization for the purpose of constructing or rehabilitating residences for eventual transfer to quali...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB4128 | Intro
25% | Creates the Veterans Day Paid Leave Act. On and after January 1, 2025, requires each employer to provide each employee who is a veteran with a paid day off on Veterans Day if the employee would otherwise be required to work on that day. Provides that...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB4185 | Intro
25% | Amends the Property Tax Code. Increases the amount of the homestead exemption for persons with disabilities from $2,000 to $4,000 beginning in tax year 2024. Effective immediately.
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | SB2624 | Intro
25% | Amends the Illinois Income Tax Act. Creates an income tax credit for certain qualified 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...
[Detail][Text][Discuss] | 2024-04-05
To Senate Revenue Committee |
| IL | HB4204 | Intro
25% | Amends the Illinois Income Tax Act. Creates a deduction in an amount equal to the qualified expenses paid or incurred by a qualified performing artist in connection with the performances by the qualified performing artist in the performing arts as an...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB4227 | 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 certain supplies purchased by a day care center are exempt from the taxes imposed under those Acts. Effective immedi...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB4229 | Intro
25% | Amends the Property Tax Code. Provides that licensed day care facilities that are actually and exclusively used for charitable or beneficent purposes are exempt from taxation under the Code.
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB4242 | Intro
25% | Amends the Property Tax Code. Increases the amount of the homestead exemption for persons with disabilities from $2,000 to $4,000 beginning in tax year 2024.
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB4246 | Intro
25% | Amends the Illinois Income Tax Act. Creates a deduction for 100% of the income of a qualified new business. Provides that the term "qualified new business' means a business that has its principal place of business in the State and first begins operat...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB4250 | Intro
25% | Amends the Illinois Income Tax Act. Creates an income tax credit of $250 for taxpayers who make 4 or more qualified donations of human whole blood or human blood components during the taxable year. Effective immediately.
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB4308 | Intro
25% | Amends the Property Tax Code. In provisions concerning the homestead exemption for persons with disabilities, provides that, if the person with a disability is eligible to receive disability benefits under the federal Social Security Act and has a ho...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB4307 | Intro
25% | Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Reduces the rate of tax on diapers and baby wipes to 1% (currently, 6.25%). Makes various formatting changes.
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB4335 | Intro
25% | Amends the Property Tax Code. Provides that, for taxable year 2024 and thereafter, the homestead exemption for veterans with disabilities carries over to the benefit of a deceased veteran's remarried surviving spouse as long as the surviving spouse h...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB4318 | Intro
25% | Amends the Property Tax Code. Provides that, within 30 days after recording of a tax deed with respect to residential property, the tax deed grantee shall pay the surplus to the previous owner of the property described in the deed. Sets forth the pro...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB4354 | Intro
25% | Amends the Property Tax Code. Provides that, beginning in taxable year 2024, no taxing district, other than a home rule unit, may levy a tax on any parcel of real property that is more than 105% of the base amount unless (i) the increase is attributa...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB4403 | Intro
25% | Amends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to 100% of the State and federal income, estate, and gift taxes incurred by the taxpayer during the taxable year as a result of a liquidation of assets by the taxpaye...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB4370 | Intro
25% | Amends the Illinois Income Tax Act. Creates a credit for individual taxpayers in an amount equal to 100% of the eligible recycling costs incurred by the taxpayer during the taxable year, not to exceed $1,000 per taxpayer. Provides that "eligible recy...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB4405 | Intro
25% | Amends the Illinois Income Tax Act. Provides that, for tax years ending on or after December 31, 2024, the credit for residential real property taxes is (i) 75% of the real property taxes paid by the taxpayer if the taxpayer is younger than 51 years ...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB4406 | Intro
25% | Amends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to the foster care expenses, not to exceed $1,000 in any taxable year, paid or incurred by the taxpayer with respect to a qualified dependent child. Provides that the...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | SB2708 | Intro
25% | Amends the Illinois Income Tax Act. Provides that, for taxable years beginning on or after January 1, 2024, the additional standard exemption for taxpayers who have attained the age of 65 before the end of the taxable year and their spouses is $2,000...
[Detail][Text][Discuss] | 2024-04-05
To Senate Revenue Committee |
| IL | HB4413 | Intro
25% | Amends the Illinois Income Tax Act. Creates a credit against withholding taxes for each employer in the City of Chicago who (i) employs a covered employee at a job location in the City of Chicago in an occupation in which gratuities have customarily ...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | SB2700 | Intro
25% | Amends the Property Tax Code. In provisions concerning the homestead exemption for veterans with disabilities, provides that the exemption applies to all real property that is the primary residence of a veteran with a disability (currently, property ...
[Detail][Text][Discuss] | 2024-04-05
To Senate Revenue Committee |
| IL | SB2717 | Intro
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 ...
[Detail][Text][Discuss] | 2024-04-05
To Senate Revenue Committee |
| IL | SB2709 | Intro
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,...
[Detail][Text][Discuss] | 2024-04-05
To Senate Revenue Committee |
| IL | SB2710 | 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] | 2024-04-05
To Senate Revenue Committee |
| IL | SB2695 | Intro
25% | Amends the Property Tax Code. Provides that, for assessment years following the next general assessment after the effective date of the amendatory Act, no increase in assessment may exceed 20% per year. Provides exceptions if: (1) the property is sol...
[Detail][Text][Discuss] | 2024-04-05
To Senate Revenue Committee |
| IL | SB2718 | Intro
25% | Amends the Illinois Income Tax Act. Creates an income tax credit for taxpayers who are employed as an early childhood teacher or an early childhood assistant during the taxable year and who have a federal adjusted gross income for the taxable year of...
[Detail][Text][Discuss] | 2024-04-05
To Senate Revenue Committee |
| IL | HB4420 | Intro
25% | Amends the Property Tax Code. Provides that, for taxable years 2024 and thereafter, the maximum income limitation for the senior citizens assessment freeze homestead exemption is $75,000 (currently, $65,000) for all qualified property.
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | SB2648 | Intro
25% | Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, the Retailers' Occupation Tax Act, and the Vehicle Use Tax Article of the Illinois Vehicle Code. Provides that the taxes under those Acts do not apply to a motor vehicle...
[Detail][Text][Discuss] | 2024-04-05
To Senate Revenue Committee |
