| IL | SB2105 | Intro
25% | Amends the Illinois Income Tax Act. Amends the Illinois Income Tax Act. Sets forth a schedule of income-based tax rates for individuals, trusts, and estates for taxable years beginning on or after January 1, 2024.
[Detail][Text][Discuss] | 2023-03-22
To Senate Assignments Committee |
| IL | SB0119 | Intro
25% | Amends the Historic Preservation Tax Credit Act. Extends the sunset of the credit to December 31, 2028 (currently, December 31, 2023). Provides that, in each calendar year beginning on or after January 1, 2024 and ending on or before December 31, 202...
[Detail][Text][Discuss] | 2023-03-21
To Senate Assignments Committee |
| IL | SB0161 | Intro
25% | Amends the Property Tax Code. Provides that provisions concerning delinquencies by lessees of property owned by a taxing district apply in all counties with a population of fewer than 3,000,000 inhabitants (currently, counties with more than 800,000 ...
[Detail][Text][Discuss] | 2023-03-21
To Senate Assignments Committee |
| IL | SB1246 | Intro
25% | Amends the Hotel Operators' Occupation Tax Act. Provides that the tax shall not apply to gross rental receipts received from the renting, leasing or letting of rooms to an entity that is organized and operated exclusively by an organization chartered...
[Detail][Text][Discuss] | 2023-03-21
To Senate Assignments Committee |
| IL | SB2316 | Intro
25% | Amends the Illinois Income Tax Act. Creates an income tax credit for any taxpayers that hire a new employee for a position as a driver for which a commercial driver's license is required and any individual taxpayers who are employed as a driver in a ...
[Detail][Text][Discuss] | 2023-03-21
To Senate Assignments 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 |
| IL | SB2188 | 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 prescription medicines and medical devices are exempt from the taxes under those Acts. Effective July 1, 2023.
[Detail][Text][Discuss] | 2023-03-10
To Senate Assignments Committee |
| IL | SB0344 | Intro
25% | Amends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to $500 for individuals who serve as volunteer emergency workers for at least 9 months during the taxable year and do not receive compensation of more than $10,000 du...
[Detail][Text][Discuss] | 2023-03-08
To Senate Assignments Committee |
| IL | SB2446 | Intro
25% | Amends the Illinois Income Tax Act. Makes a technical change in a Section concerning the short title.
[Detail][Text][Discuss] | 2023-02-16
To Senate Assignments Committee |
| IL | SB2166 | Intro
25% | Amends the Illinois Income Tax Act. Makes a technical change in a Section concerning the short title.
[Detail][Text][Discuss] | 2023-02-10
To Senate Assignments Committee |
| IL | SB2330 | Intro
25% | Amends the Illinois Income Tax Act. Provides that no carryover deduction shall exceed $100,000 for any taxable year ending on or after December 31, 2021 and ending prior to December 31, 2023 (currently, December 31, 2024). Effective immediately.
[Detail][Text][Discuss] | 2023-02-10
To Senate Assignments Committee |
| IL | SB2219 | Intro
25% | Creates the Community Revitalization Zone Act. Provides that a county or municipality may designate an area within its jurisdiction as a community redevelopment zone, subject to the certification of the Department of Commerce and Economic Opportunity...
[Detail][Text][Discuss] | 2023-02-10
To Senate Assignments Committee |
| IL | SB2203 | Intro
25% | Amends the State Mandates Act. Provides that any State mandate regarding any subject matter enacted on or after the effective date of the amendatory Act that necessitates additional expenditures from local government revenues shall be void and unenfo...
[Detail][Text][Discuss] | 2023-02-10
To Senate Assignments Committee |
| IL | SB2275 | Intro
25% | Amends the Illinois Income Tax Act. Makes a technical change in a Section concerning the short title.
[Detail][Text][Discuss] | 2023-02-10
To Senate Assignments Committee |
| IL | SB2169 | Intro
25% | Amends the Hotel Operators' Occupation Tax Act. Makes a technical change in a Section concerning the short title.
[Detail][Text][Discuss] | 2023-02-10
To Senate Assignments Committee |
| IL | SB1901 | Intro
25% | Amends the Illinois Income Tax Act and the Retailers' Occupation Tax Act. Eliminates the bulk sales notice requirement if the only asset sold or transferred is real estate. Effective immediately.
[Detail][Text][Discuss] | 2023-02-09
To Senate Assignments Committee |
| IL | SB1902 | Intro
25% | Amends the Property Tax Code. Allows for an abatement of taxes if the property is included in a new residential construction development that is located in a county with fewer than 300,000 inhabitants. Effective immediately.
[Detail][Text][Discuss] | 2023-02-09
To Senate Assignments Committee |
| IL | SB1853 | Intro
25% | Amends the Illinois Income Tax Act. Makes a technical change in a Section concerning the short title.
[Detail][Text][Discuss] | 2023-02-09
To Senate Assignments Committee |
| IL | SB1905 | Intro
25% | Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Provides that "redevelopment project costs" include the costs of demolishing buildings, site preparation, or site improvements of a dilapidated or vacant parcel zon...
[Detail][Text][Discuss] | 2023-02-09
To Senate Assignments Committee |
| IL | SB1904 | Intro
25% | Creates the Job Creation Zone Pilot Program Act. Sets forth the boundaries of the job creation zone. Provides that applicants that pledge to hire at least 5 new employees at a designated location within the job creation zone are eligible for credits ...
[Detail][Text][Discuss] | 2023-02-09
To Senate Assignments Committee |
