| IL | SB2084 | Intro
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...
[Detail][Text][Discuss] | 2024-03-15
To Senate Assignments Committee |
| IL | SB2207 | 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, 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 |
| IL | SB2204 | Intro
25% | Amends the Illinois Income Tax Act. Provides that the maximum withholding tax credit for full-time equivalent employees is determined by the metropolitan and nonmetropolitan area of the State that is the base of operations of the employee, as those a...
[Detail][Text][Discuss] | 2024-03-15
To Senate Assignments Committee |
| IL | SB2564 | Intro
25% | Creates the Short-Term Rental Occupation Tax Act. Imposes taxes upon short-term rental transactions facilitated by a hosting platform. Provides that one tax is imposed at the rate of 5% of 94% of the gross rental receipts from the transaction. Provid...
[Detail][Text][Discuss] | 2024-03-15
To Senate Assignments Committee |
| IL | SB2574 | Intro
25% | Amends the State Finance Act to create the Working Families Fund. Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act and various other tax Acts. Provides that the vendor discount is ...
[Detail][Text][Discuss] | 2024-03-15
To Senate Assignments Committee |
| IL | SB2594 | Intro
25% | Amends the Illinois Income Tax Act. Removes a provision providing that the aggregate amount of credits awarded under a provision granting a credit to volunteer emergency workers may not exceed $5,000,000 in any calendar year. Effective immediately.
[Detail][Text][Discuss] | 2024-03-15
To Senate Assignments Committee |
| IL | SB2673 | Intro
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 $75,000 for all qualified property. Amends the Senior Citize...
[Detail][Text][Discuss] | 2024-03-15
To Senate Assignments Committee |
| IL | SB2707 | Intro
25% | Amends the Illinois Income Tax Act. Creates an income tax credit for an individual taxpayer who is a medical professional in a community-based practice who serves without compensation as a preceptor for at least one student from a qualifying institut...
[Detail][Text][Discuss] | 2024-03-15
To Senate Assignments Committee |
| IL | SB2711 | Intro
25% | Amends the Property Tax Code. Provides that each tax bill shall contain a statement for each tax increment financing (TIF) district in which the property is located setting forth the amount that each taxing district that contains all or part of the T...
[Detail][Text][Discuss] | 2024-03-15
To Senate Assignments Committee |
| IL | SB2734 | 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, on and after July 1, 2024, each month the Department of Revenue shall pay into the State Aviation Program Fund 25% ...
[Detail][Text][Discuss] | 2024-03-15
To Senate Assignments Committee |
| IL | SB2833 | Intro
25% | Amends the Illinois Income Tax Act. Creates an income tax credit for individuals who (i) serve as a volunteer for 100 hours during the taxable year, (ii) do not receive any compensation for their services as a volunteer for the taxable year, and (iii...
[Detail][Text][Discuss] | 2024-03-15
To Senate Assignments Committee |
| IL | SB2923 | 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] | 2024-03-15
To Senate Assignments Committee |
| IL | SB2973 | Intro
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...
[Detail][Text][Discuss] | 2024-03-15
To Senate Assignments Committee |
| IL | SB3127 | Intro
25% | Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Reinstates the exemption for the use or sale of tangible personal property purchased from an Illinois retailer by a taxpayer engag...
[Detail][Text][Discuss] | 2024-03-15
To Senate Assignments Committee |
| IL | SB3128 | 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 diapers, baby wipes, car seats, infant formula, and bottles are exempt from the taxes imposed under the Acts.
[Detail][Text][Discuss] | 2024-03-15
To Senate Assignments Committee |
| IL | SB2996 | Intro
25% | Amends the Property Tax Code. Provides that, if a veteran with a surviving spouse dies while an application for a veteran's homestead exemption is being reviewed, the review of that application shall continue, and any subsequent approval granted to t...
[Detail][Text][Discuss] | 2024-03-15
To Senate Assignments Committee |
| IL | SB3363 | Intro
25% | Amends the Property Tax Code. Provides that the homestead exemption for veterans with disabilities applies to veterans with current service-connected disabilities for which the veteran is eligible to receive disability compensation. Effective immedia...
[Detail][Text][Discuss] | 2024-03-15
To Senate Assignments Committee |
| IL | SB3396 | Intro
25% | Amends the Property Tax Code. Provides that a property owner who sustains loss or damage by reason of the issuance of a tax deed is entitled to payment from the indemnity fund in the amount of the equity in the property described in the tax deed. Pro...
[Detail][Text][Discuss] | 2024-03-15
To Senate Assignments Committee |
| IL | SB3447 | Intro
25% | Amends the Property Tax Extension Limitation Law in the Property Tax Code. Makes changes to the definition of "limiting rate". Provides for alternative referendum procedures for a taxing district to increase its aggregate extension. Effective immedia...
[Detail][Text][Discuss] | 2024-03-15
To Senate Assignments Committee |
| IL | SB3576 | Intro
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.
[Detail][Text][Discuss] | 2024-03-15
To Senate Assignments Committee |
| IL | SB2315 | Engross
50% | 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] | 2024-03-14
To Senate Assignments Committee |
| IL | SB2880 | Intro
25% | Amends the Historic Preservation Tax Credit Act. Provides that, in calendar years beginning on or after January 1, 2025 and ending on or before December 31, 2028, the State Historic Preservation Office within the Department of Natural Resources may a...
[Detail][Text][Discuss] | 2024-03-14
To Senate Assignments Committee |
| IL | HB4061 | Intro
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...
[Detail][Text][Discuss] | 2024-03-13
To House Rules Committee |
| IL | SB3790 | Intro
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...
[Detail][Text][Discuss] | 2024-03-13
To Senate Assignments Committee |
| IL | SB0139 | Engross
50% | Amends the Illinois Income Tax Act. Provides that an apprentice who is hired by the taxpayer through the United States Department of Defense SkillBridge internship program is considered a qualifying apprentice for the purpose of the apprenticeship ed...
[Detail][Text][Discuss] | 2024-03-06
To House Rules Committee |
| IL | HB4691 | Intro
25% | Amends the Illinois Income Tax Act and the Invest in Kids Act. Provides that the Invest in Kids credit applies for taxable years ending before January 1, 2035 (currently, January 1, 2024). Effective immediately.
[Detail][Text][Discuss] | 2024-03-06
To House Rules Committee |
| IL | SB2630 | Intro
25% | Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that, for persons dying on or after January 1, 2025, the exclusion amount shall be the applicable exclusion amount calculated under Section 2010 of the Internal Revenue Cod...
[Detail][Text][Discuss] | 2024-02-28
To Senate Assignments Committee |
| IL | SB3905 | Intro
25% | Amends the Live Theater Production Tax Credit Act. Provides that a pre-Broadway production must be performed with the goal of having a presentation scheduled for Broadway's Theater District in New York City after its Illinois presentation (currently,...
[Detail][Text][Discuss] | 2024-02-28
To Senate Assignments Committee |
| IL | HB2565 | Intro
25% | Amends the Retailers' Occupation Tax Act. Provides that internal (also known as female) and male condoms, incontinence products, diapers, and baby wipes shall be taxed by the State at a rate of 1% (currently, 6.25%). Provides that the net revenue fro...
[Detail][Text][Discuss] | 2024-02-26
To House Rules Committee |
| IL | SB3243 | Intro
25% | Amends the Illinois Income Tax Act and the Invest in Kids Act. Provides that the Invest in Kids credit applies permanently (currently, the credit applies for taxable years ending before January 1, 2024). Effective immediately.
[Detail][Text][Discuss] | 2024-02-26
To Senate Assignments Committee |
| IL | SB3364 | 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] | 2024-02-21
To Senate Assignments Committee |
| IL | HB5661 | Intro
25% | Amends the Illinois Income Tax Act. Makes a technical change in a Section concerning the short title.
[Detail][Text][Discuss] | 2024-02-20
To House Rules Committee |
| IL | HB5662 | Intro
25% | Amends the Illinois Income Tax Act. Makes a technical change in a Section concerning the short title.
[Detail][Text][Discuss] | 2024-02-20
To House Rules Committee |
| IL | HB5659 | Intro
25% | Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Provides that the Department of Commerce and Economic Opportunity may award credits to qualifying microfiber filtration manufacturers against...
[Detail][Text][Discuss] | 2024-02-20
To House Rules Committee |
| IL | SB2581 | 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] | 2024-02-16
To Senate Assignments Committee |
| IL | SB3489 | Intro
25% | Amends the Illinois Income Tax Act. Creates a deduction for amounts that are disallowed as a deduction on the taxpayer's federal income tax return because of the $10,000 limitation under the federal Internal Revenue Code on deductions for certain Sta...
[Detail][Text][Discuss] | 2024-02-15
To Senate Assignments Committee |
| IL | HB5140 | Intro
25% | Amends the Property Tax Code. Makes a technical change in a Section concerning issuance of a tax bill.
[Detail][Text][Discuss] | 2024-02-09
To House Rules Committee |
| IL | HB5191 | Intro
25% | Creates the Protect Illinois Manufacturing and Energy from Foreign Adversaries Act. Provides that a disqualified foreign adversary may not receive certain State incentives. Provides that a disqualified foreign adversary that operates in Illinois is s...
[Detail][Text][Discuss] | 2024-02-09
To House Rules Committee |
| IL | HB5274 | Intro
25% | Amends the Property Tax Code. Provides that, in order for free and discounted services to be credited as charity care for a hospital entity, the hospital entity's financial assistance policy shall require: (i) a patient whose income is less than or e...
[Detail][Text][Discuss] | 2024-02-09
To House Rules Committee |
| IL | HB5248 | Intro
25% | Amends the Illinois Income Tax Act. Provides that a qualified business is entitled to a credit in an amount equal to 75% of the amount expended by the qualified business during the taxable year on menstrual hygiene products that are provided for use ...
[Detail][Text][Discuss] | 2024-02-09
To House Rules Committee |
| IL | HB5310 | Intro
25% | Amends the Illinois Income Tax Act. Creates a deduction for amounts that are included in the taxpayer's federal adjusted gross income for the taxable year that are attributable to the conversion of funds from a qualified tuition program established p...
[Detail][Text][Discuss] | 2024-02-09
To House Rules Committee |
| IL | HB5447 | Intro
25% | Amends the Use Tax Act and the Retailers' Occupation Tax Act. Creates a sales tax holiday period for school supplies each year during the 10-day period that begins on the first Monday in August. Effective immediately.
[Detail][Text][Discuss] | 2024-02-09
To House Rules Committee |
| IL | HB5583 | 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, 2025, with respect to firearms, the taxes under those Acts are imposed at the rate of 11%. ...
[Detail][Text][Discuss] | 2024-02-09
To House Rules Committee |
| IL | HB5524 | Intro
25% | Amends the Property Tax Code. Makes a technical change in a Section concerning the senior citizens assessment freeze homestead exemption.
[Detail][Text][Discuss] | 2024-02-09
To House Rules Committee |
| IL | HB5540 | Intro
25% | Amends the Property Tax Code. In provisions concerning charitable exemptions granted to limited liability companies, removes a requirement that the limited liability company must be a disregarded entity for federal and Illinois income tax purposes. E...
[Detail][Text][Discuss] | 2024-02-09
To House Rules Committee |
| IL | HB5614 | Intro
25% | Creates the Students in Need Scholarship Act. Provides that the Department of Revenue shall award income tax credits to taxpayers who make authorized contributions to scholarship granting organizations. Sets forth limitations with respect to the aggr...
[Detail][Text][Discuss] | 2024-02-09
To House Rules Committee |
| IL | HB1263 | Intro
25% | Amends the Property Tax Code. Provides that each taxing district shall publish specified information concerning the district's property tax rate and extension. Effective immediately.
[Detail][Text][Discuss] | 2024-02-08
To House Rules Committee |
| IL | HB1360 | Intro
25% | Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that the limiting rate shall be calculated using the highest aggregate extension from any year in which the taxing district was subject to the Property Tax Extension ...
[Detail][Text][Discuss] | 2024-02-08
To House Rules Committee |
| IL | HB4996 | Intro
25% | Amends the Illinois Income Tax Act. Provides that, for taxable years ending on or after December 31, 2024, the maximum amount of the education expense credit is $1,500 (currently, $750). Effective immediately.
[Detail][Text][Discuss] | 2024-02-08
To House Rules Committee |
| IL | SB3454 | Intro
25% | Amends the Property Tax Code. Provides that a copy of the complaint shall also be served on each taxing district in which the property is located at least 90 days prior to the board of review hearing on the complaint. Effective immediately.
[Detail][Text][Discuss] | 2024-02-08
To Senate Assignments Committee |
