Illinois Code | Chapter 35 | Introduced

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ILSB3755Intro
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). Effective immediately.
[Detail][Text][Discuss]
2024-03-14
Placed on Calendar Order of 3rd Reading March 20, 2024
ILSB1321Intro
25%
Amends the Property Tax Code. Provides that owners of income-producing properties shall file physical descriptions of their properties with the chief county assessor in the form and format determined by the chief county assessor. Effective immediatel...
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2024-03-13
To Senate Assignments Committee
ILHB4061Intro
25%
Amends the Illinois Income Tax Act. Increases the amount to be deposited into the Local Government Distributive Fund from the taxes imposed under the Act. Amends the State Revenue Sharing Act to provide that amounts paid into the Local Government Dis...
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2024-03-13
To House Rules Committee
ILHB4736Intro
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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2024-03-13
To House Revenue: Income Tax Committee
ILHB4844Intro
25%
Creates the First 2024 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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2024-03-13
Placed on Calendar 2nd Reading - Short Debate
ILHB5412Intro
25%
Amends the Reimagining Energy and Vehicles in Illinois Act and the Manufacturing Illinois Chips for Real Opportunity (MICRO) Act. Provides that failure to report certain data may result in ineligibility to receive incentives and may result in revocat...
[Detail][Text][Discuss]
2024-03-13
[Hearing: Apr 4 @ 8:00 am]
To House Revenue & Finance Committee
ILSB3790Intro
25%
Amends the Illinois Income Tax Act. Sets forth provisions concerning the computation of taxes related to minority and other specific priority population owned business in the State. Amends the Liquor Control Act of 1934. Sets forth provisions concern...
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2024-03-13
To Senate Assignments Committee
ILHB5612Intro
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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2024-03-13
To House Tax Credit and Incentives Committee
ILSB1533Intro
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...
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2024-03-12
To Senate Assignments Committee
ILHB2594Intro
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]
2024-03-12
To House Revenue & Finance Committee
ILHB3797Intro
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...
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2024-03-12
To House Revenue & Finance Committee
ILHB4405Intro
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 ...
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2024-03-12
To House Revenue & Finance Committee
ILHB4790Intro
25%
Amends the Illinois Income Tax Act. Creates a credit in an amount equal to 20% of the qualified conversion expenditures incurred by a taxpayer for a qualified converted building. Effective immediately.
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2024-03-12
To House Revenue & Finance Committee
ILHB4974Intro
25%
Amends the Property Tax Code. Permits attorney's fees of up to $900 to be added to the cost to redeem. Effective immediately.
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2024-03-12
To House Revenue & Finance Committee
ILHB4973Intro
25%
Amends the Property Tax Code. Changes the requirement for courts to enforce tax deed petitions from strict compliance with notice requirements to substantial compliance with notice requirements. Provides that the Court may enter an order requiring th...
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2024-03-12
[Hearing: Apr 3 @ 8:00 am]
To House Judiciary - Civil Committee
ILHB5136Intro
25%
Amends the Property Tax Code. Provides that the court shall declare the sale of a property under the Property Tax Code to be a sale in error if the improvements upon the property sold have been rendered unfit for occupancy subsequent to the tax sale ...
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2024-03-12
To House Revenue & Finance Committee
ILHB5193Intro
25%
Amends the Illinois Income Tax Act. Reduces the rate of tax on individuals, trusts, and estates from 4.95% to 3.99% for taxable years beginning on or after January 1, 2025. Effective immediately.
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2024-03-12
To House Revenue & Finance Committee
ILHB5194Intro
25%
Amends the Illinois Income Tax Act. Creates an income tax credit for each qualified individual who serves as a volunteer first responder for at least 9 months during the taxable year and who incurs expenses for the purchase of eligible equipment that...
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2024-03-12
To House Revenue & Finance Committee
ILHB5423Intro
25%
Amends the Illinois Highway Code. Provides for the establishment and administration of the Township Rebuild Program by the Department of Transportation. Provides that the Department use the Township Rebuild Fund to award grants of no greater than $25...
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2024-03-12
To House Revenue & Finance Committee
ILHB5578Intro
25%
Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides that medical appliances, including, but not limited to, devices used to provide advanced life support services, and Class...
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2024-03-12
To House Revenue & Finance Committee
ILHB5577Intro
25%
Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Creates an exemption for medical appliances, including, but not limited to, devices used to treat amyotrophic lateral sclerosis. E...
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2024-03-12
To House Revenue & Finance Committee
ILHB3054Intro
25%
Amends the Property Tax Code. Provides that, for taxable years 2024 and thereafter, the maximum income limitation for the Low-Income Senior Citizens Assessment Freeze Homestead Exemption is $85,000 for all qualified property. Effective immediately.
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2024-03-11
To House Property Tax Committee
ILHB5545Intro
25%
Amends the Property Tax Code. Provides that certain property may be certified by the Department of Commerce and Economic Opportunity as containing a megaproject. Provides that a "megaproject" is a project that meets certain investment and job creatio...
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2024-03-11
To House Property Tax Committee
ILHB1074Intro
25%
Amends the Property Tax Code. Provides that, for taxable year 2024, the maximum income limitation for the senior freeze shall be $73,700 for all qualified property (currently, $65,000). Provides that the maximum income limitation shall be adjusted ea...
[Detail][Text][Discuss]
2024-03-08
To House Property Tax Committee
ILHB1073Intro
25%
Amends the Illinois Income Tax Act. Provides that, if the amount of the credit for residential real property taxes exceeds the taxpayer's liability, that amount shall be refunded if the taxpayer is 65 years or older and has a federal adjusted gross i...
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2024-03-08
To House Revenue: Income Tax Committee
ILHB1075Intro
25%
Amends the Park District Aquarium and Museum Act. Changes the Act's short title to the Park District and Municipal Aquarium and Museum Act. Replaces the Act's existing references to "city" and "cities" with "municipality" and "municipalities". Provid...
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2024-03-08
[Hearing: Apr 4 @ 8:00 am]
[Hearing: Apr 4 @ 8:01 am]
To House Property Tax Committee
ILHB1241Intro
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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2024-03-08
To House Tax Credit and Incentives Committee
ILHB1254Intro
25%
Amends the Property Tax Code. Provides that the total property tax bill for any property receiving the senior citizens homestead exemption may not exceed 101% of the tax bill for the immediately preceding taxable year, unless the increase is due to i...
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2024-03-08
To House Property Tax Committee
ILHB1274Intro
25%
Amends the Property Tax Code. Provides that, for taxable years 2024 and thereafter, the maximum reduction under the senior citizens homestead exemption is $8,000 in all counties (currently, $8,000 in counties with 3,000,000 or more inhabitants and co...
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2024-03-08
To House Property Tax Committee
ILHB1288Intro
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....
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2024-03-08
To House Property Tax Committee
ILHB1354Intro
25%
Amends the Property Tax Code. Provides that no taxing district may hold more than 150% of the previous levy year's property tax collections in cash or cash-equivalent assets. Provides that excess amounts shall be refunded to taxpayers. Effective imme...
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2024-03-08
To House Property Tax Committee
ILHB2374Intro
25%
Amends the Illinois Income Tax Act. Creates an income tax credit for each advanced practice registered nurse licensed under the Nurse Practice Act who volunteers during the taxable year to serve as a preceptor for at least one student from an approve...
[Detail][Text][Discuss]
2024-03-08
To House Tax Credit and Incentives Committee
ILHB2382Intro
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]
2024-03-08
To House Property Tax Committee
ILHB2435Intro
25%
Amends the Illinois Income Tax Act. Provides that, for taxable years beginning on or after January 1, 2023, there shall be allowed as an income tax credit for the taxable year with respect to each child of the taxpayer who is under the age of 17 and ...
[Detail][Text][Discuss]
2024-03-08
To House Revenue: Income Tax Committee
ILHB2466Intro
25%
Amends the Illinois Income Tax Act. Provides that a taxpayer who employs a person with a developmental disability or a severe mental illness, as certified by the Department of Human Services, during the taxable year is entitled to an income tax credi...
[Detail][Text][Discuss]
2024-03-08
To House Revenue: Income Tax Committee
ILHB2596Intro
25%
Amends the Property Tax Code. Creates an abatement for property located in a blighted area if the owner of the property enters into an agreement with the corporate authorities of the municipality in which the property is located for the renovation, d...
[Detail][Text][Discuss]
2024-03-08
To House Property Tax Committee
ILHB2583Intro
25%
Amends the Property Tax Code. Provides that the long-time occupant homestead exemption applies in all counties beginning with taxable year 2023. Effective immediately.
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2024-03-08
To House Property Tax Committee
ILHB2819Intro
25%
Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Provides that the Department shall establish and implement a Veterans' Economic Center pilot program for the purposes of assisting veterans i...
[Detail][Text][Discuss]
2024-03-08
To House Property Tax Committee
ILHB2914Intro
25%
Amends the Property Tax Code. Provides that the tax bill shall include a statement of the percentage of the taxpayer's total tax bill that is attributable to a ballot initiative or referendum. Effective immediately.
[Detail][Text][Discuss]
2024-03-08
To House Property Tax Committee
ILHB2992Intro
25%
Amends the Property Tax Code. Provides that, if a taxing district fails to timely file an affidavit that is required to be filed with respect to exempt property, then, prior to terminating the exemption, the chief county assessment officer shall noti...
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2024-03-08
To House Property Tax Committee
ILHB2905Intro
25%
Amends the Economic Development for a Growing Economy Tax Credit Act. Provides that the Department of Commerce and Economic Opportunity shall not issue a tax certificate to any taxpayer under this Act unless the taxpayer first submits a supplier dive...
[Detail][Text][Discuss]
2024-03-08
To House Sales, Amusement & Other Taxes Committee
ILHB3056Intro
25%
Amends the Property Tax Code. Provides that the assessed value of qualified affordable housing property shall be reduced by 30%. Effective immediately.
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2024-03-08
To House Property Tax Committee
ILHB3111Intro
25%
Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides that motor carriers that sell items of tangible personal property to purchasers for use or consumption in addition to ren...
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2024-03-08
To House Sales, Amusement & Other Taxes Committee
ILHB3070Intro
25%
Amends the Property Tax Code. In provisions concerning the long-time occupant homestead exemption, provides that for tax year 2024 and thereafter, the exemption applies to qualified taxpayers with a household income of $85,000 or less and is based on...
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2024-03-08
To House Property Tax Committee
ILHB3028Intro
25%
Amends the Property Tax Code. In provisions concerning the issuance of a tax deed, provides that the court shall find that all forfeitures and sales of the property occurring after the tax sale at which the certificate of purchase was issued and incl...
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2024-03-08
To House Property Tax Committee
ILHB3177Intro
25%
Creates the Taxpayer Protection Act. Provides that, on and after the effective date of the Act, for bonds or incurred debt issued through a referendum by a unit of local government or school district, the bonds or incurred debt shall not be extended ...
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2024-03-08
To House Property Tax Committee
ILHB3390Intro
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...
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2024-03-08
To House Property Tax Committee
ILHB3399Intro
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]
2024-03-08
To House Property Tax Committee
ILHB3431Intro
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...
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2024-03-08
To House Sales, Amusement & Other Taxes Committee
ILHB3278Intro
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]
2024-03-08
To House Revenue: Income Tax Committee
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