| IL | HB4299 | Intro
25% | Amends the Invest in Kids Act. Provides that the credit under the Act is available for tax years ending before January 1, 2029 (currently, January 1, 2024). Effective immediately.
[Detail][Text][Discuss] | 2024-01-16
To House Rules Committee |
| IL | HB4341 | Intro
25% | Amends the State Treasurer Act. Provides that the State Treasurer shall establish and administer the Invest in Illinois Higher Education Program for the purposes of expanding access to higher education through scholarships awarded from the Invest in ...
[Detail][Text][Discuss] | 2024-01-16
To House Rules Committee |
| IL | HB4383 | Intro
25% | Amends the Illinois Income Tax Act. Makes a technical change in a Section concerning a tax credit for property taxes.
[Detail][Text][Discuss] | 2024-01-16
To House Rules Committee |
| IL | HB4384 | Intro
25% | Amends the Illinois Income Tax Act. Makes a technical change in a Section concerning a tax credit for property taxes.
[Detail][Text][Discuss] | 2024-01-16
To House Rules Committee |
| IL | HB4382 | Intro
25% | Amends the Illinois Income Tax Act. Makes a technical change in a Section concerning a tax credit for property taxes.
[Detail][Text][Discuss] | 2024-01-16
To House Rules Committee |
| IL | SB0096 | Intro
25% | Amends the Property Tax Code. In provisions concerning the Senior Citizens Assessment Freeze Homestead Exemption, provides that, for taxable years 2024 and thereafter, the maximum income limitation is $85,000 (currently, $65,000). Effective immediate...
[Detail][Text][Discuss] | 2024-01-10
To Senate Assignments Committee |
| IL | SB0171 | 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, and infant formula are exempt from the taxes imposed under the Acts.
[Detail][Text][Discuss] | 2023-12-07
To Senate Assignments Committee |
| IL | HB3003 | Intro
25% | Amends the Illinois Income Tax Act. Increases the research and development credit by providing that the increase in research and development activities shall be based on an increase over 50% of the average of the qualifying expenditures for each year...
[Detail][Text][Discuss] | 2023-11-21
To House Rules Committee |
| IL | HB3205 | Intro
25% | Amends the Illinois Income Tax Act. Makes changes concerning the federal depreciation deduction and net operating losses to restore provisions that were in effect prior to Public Act 102-16. Amends the Business Corporation Act of 1983. Provides that ...
[Detail][Text][Discuss] | 2023-11-21
To House Rules Committee |
| IL | HB1250 | Intro
25% | Amends the Illinois Income Tax Act. Creates an energy price relief income tax credit. Sets forth the amount of the credit, which shall be a percentage of the total amount paid by the taxpayer during the taxable year for energy supplied to a property ...
[Detail][Text][Discuss] | 2023-11-08
To House Rules Committee |
| IL | HB4225 | 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 108% of the tax levied by that taxing district on that prope...
[Detail][Text][Discuss] | 2023-11-08
To House Rules Committee |
| IL | HB4202 | Intro
25% | Amends the Property Tax Code. Increases the maximum income limitation for the low-income senior citizens assessment freeze homestead exemption from $65,000 to $85,000. Effective immediately.
[Detail][Text][Discuss] | 2023-11-01
To House Rules Committee |
| IL | HB4161 | Intro
25% | Amends the Industrial Hemp Act. Changes the short title of the Act to the Hemp Act. Permits the wholesale and retail sale of cannabinoids, hemp concentrate, or any other intermediate hemp cannabinoid products. Provides that no person shall offer or s...
[Detail][Text][Discuss] | 2023-10-26
To House Rules Committee |
| IL | HB4194 | Intro
25% | Amends the Invest in Kids Act. Provides that a taxpayer may take a credit under the Act for tax years ending before January 1, 2029 (currently January 1, 2024). Provides that, beginning in calendar year 2024, the aggregate amount of credits the Depar...
[Detail][Text][Discuss] | 2023-10-25
To House Rules Committee |
| IL | HB4105 | 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, 2023). Effective immediately.
[Detail][Text][Discuss] | 2023-10-18
To House Rules Committee |
| IL | HB4157 | 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 the portion of the income or loss received from a trade or business conducted wi...
[Detail][Text][Discuss] | 2023-10-18
To House Rules Committee |
| IL | SB2612 | Intro
25% | Creates the Compassionate Use and Research of Entheogens Act. Establishes the Illinois Psilocybin Advisory Board within the Department of Public Health for the purpose of advising and making recommendations to the Department regarding the provision o...
[Detail][Text][Discuss] | 2023-10-18
To Senate Assignments Committee |
| IL | SB2149 | Intro
25% | Amends the Invest in Kids Act. Provides that the Invest in Kids credit applies on a permanent basis. Removes a limitation that the credit may not be taken for any qualified contribution for which the taxpayer claims a federal income tax deduction. Am...
[Detail][Text][Discuss] | 2023-10-16
To Senate Assignments Committee |
| IL | SB2199 | Intro
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...
[Detail][Text][Discuss] | 2023-10-10
To Senate Assignments Committee |
| IL | HB1257 | Intro
25% | Amends the Invest in Kids Act. Provides that, for taxable years beginning on or after January 1, 2023, the credit shall be equal to 100% (rather than 75%) of the total amount of qualified contributions made by the taxpayer during the taxable year, no...
[Detail][Text][Discuss] | 2023-10-04
To House Rules Committee |
| IL | HB2051 | Intro
25% | Creates the Hydrogen Fuel Replacement Tax Credit Act. Creates an income tax credit for eligible taxpayers in an amount equal to $1 per kilogram of eligible zero-carbon hydrogen used by the eligible taxpayer during the tax year for which a credit is s...
[Detail][Text][Discuss] | 2023-10-04
To House Rules Committee |
| IL | HB3537 | 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, 2034 (currently, January 1, 2024). Effective immediately.
[Detail][Text][Discuss] | 2023-10-04
To House Rules Committee |
| IL | HB1343 | Intro
25% | Amends the Illinois Income Tax Act. Creates an income tax credit for an owner of an agricultural asset who sells or rents the agricultural asset to a beginning farmer. Provides that the credit shall be equal to: (1) 5% of the lesser of the sale price...
[Detail][Text][Discuss] | 2023-07-25
To House Rules Committee |
| IL | SB0185 | Intro
25% | Amends the Property Tax Code. Provides that, for the purposes of the senior citizens assessment freeze homestead exemption, "income" does not include any required minimum distribution from an individual retirement annuity. Effective immediately.
[Detail][Text][Discuss] | 2023-06-26
To Senate Assignments Committee |
| IL | SB0804 | Intro
25% | Amends the Illinois Income Tax Act. Makes a technical change in a Section concerning the short title.
[Detail][Text][Discuss] | 2023-06-26
To Senate Assignments Committee |
| IL | SB1155 | Intro
25% | Amends the Use Tax Act. Makes a technical change in a Section concerning the short title.
[Detail][Text][Discuss] | 2023-06-26
To Senate Assignments Committee |
| IL | SB1148 | Intro
25% | Amends the Illinois Income Tax Act. Makes a technical change in a Section concerning the short title.
[Detail][Text][Discuss] | 2023-06-26
To Senate Assignments Committee |
| IL | SB1154 | Intro
25% | Amends the Use Tax Act. Makes a technical change in a Section concerning the short title.
[Detail][Text][Discuss] | 2023-06-26
To Senate Assignments Committee |
| IL | SB0806 | Intro
25% | Amends the Illinois Income Tax Act. Makes a technical change in a Section concerning the short title.
[Detail][Text][Discuss] | 2023-06-26
To Senate Assignments Committee |
| IL | SB1157 | Intro
25% | Amends the Use Tax Act. Makes a technical change in a Section concerning the short title.
[Detail][Text][Discuss] | 2023-06-26
To Senate Assignments Committee |
| IL | SB1145 | Intro
25% | Amends the Illinois Income Tax Act. Makes a technical change in a Section concerning the short title.
[Detail][Text][Discuss] | 2023-06-26
To Senate Assignments Committee |
| IL | SB1385 | Intro
25% | Amends the Illinois Income Tax Act. Makes a technical change in a Section concerning the short title.
[Detail][Text][Discuss] | 2023-06-12
To Senate Assignments Committee |
| IL | HB2933 | Intro
25% | Amends the Property Tax Code. Provides that, in the case of a deficiency judgment, if the owner of the property at the time of the tax sale can be located after a reasonably diligent search by the clerk of the court, then net income shall be returned...
[Detail][Text][Discuss] | 2023-06-12
To House Rules Committee |
| IL | HB0610 | Intro
25% | Amends the Small Business Job Creation Tax Credit Act. Makes a technical change in a Section concerning the short title.
[Detail][Text][Discuss] | 2023-05-31
To House Rules Committee |
| IL | HB2830 | Intro
25% | Amends the Property Tax Code. Provides that townships with less than 3,000 inhabitants (instead of 1,000 inhabitants) shall elect multi-township assessors.
[Detail][Text][Discuss] | 2023-05-31
To House Rules Committee |
| IL | HB2348 | Intro
25% | Amends the Invest in Kids Act. Provides that a qualified school that accepts scholarship students must comply with the provisions of federal and State laws and rules applicable to public schools pertaining to special education and instruction of Engl...
[Detail][Text][Discuss] | 2023-05-25
To House Rules Committee |
| IL | HB2087 | Intro
25% | Amends the Illinois Income Tax Act. Provides that the following amounts shall be deposited into the Local Government Distributive Fund as the revenue is realized from the specified taxes: (i) 8% of the net revenue realized from the tax imposed under ...
[Detail][Text][Discuss] | 2023-05-24
To House Rules Committee |
| IL | SB1737 | Intro
25% | Creates the Build Illinois Homes Tax Credit Act. Provides that owners of qualified low-income housing developments are eligible for credits against the taxes imposed by the Illinois Income Tax Act or taxes, penalties, fees, charges, and payments impo...
[Detail][Text][Discuss] | 2023-05-24
To Senate Assignments Committee |
| IL | HB1642 | Intro
25% | Amends the Invest in Kids Act. Provides that the credit shall be equal to 100% (rather than 75%) of the total amount of qualified contributions made by the taxpayer during a taxable year, not to exceed a credit of $1,333,333 (rather than $1,000,000) ...
[Detail][Text][Discuss] | 2023-05-18
To House Rules Committee |
| IL | HB3368 | Intro
25% | Amends the Illinois Income Tax Act. Creates an income tax credit for each individual taxpayer who (i) is a healthcare provider who, for the purpose of providing reproductive care or gender-affirming care in this State, permanently relocates during th...
[Detail][Text][Discuss] | 2023-05-18
To House Rules Committee |
| IL | HB2417 | Intro
25% | Creates the Illinois Biomanufacturing Act. Establishes the Illinois Biomanufacturing Institute. Directs the Institute to cooperate with biomanufacturing centers in Illinois with the goal of making those centers into incubators of local job creation. ...
[Detail][Text][Discuss] | 2023-05-16
To House Rules Committee |
| IL | SB1735 | Intro
25% | Amends the Property Tax Code. Provides that, for properties where the buyer or buyers are natural individuals, the transfer declaration shall state whether the property is intended to be the principal residence of the buyer or buyers.
[Detail][Text][Discuss] | 2023-05-11
To Senate Assignments Committee |
| IL | SB2253 | Intro
25% | Amends the Illinois Income Tax Act. Provides that for taxable years beginning on or after January 1, 2023, each individual who serves as a volunteer emergency worker for at least 9 months during the taxable year and does not receive compensation for ...
[Detail][Text][Discuss] | 2023-05-11
To Senate Assignments Committee |
| IL | SB2206 | Intro
25% | Amends the Illinois Income Tax Act. Provides that an amount equal to 10% of the net revenue realized from the State income tax during the preceding month shall be transferred from the General Revenue Fund to the Local Government Distributive Fund (cu...
[Detail][Text][Discuss] | 2023-05-11
To Senate Assignments Committee |
| IL | HB3544 | Intro
25% | Amends the Illinois Income Tax Act. Creates an income tax credit for custodians of qualifying pupils for eligible education expenses related to online learning, including computers, printers, internet access, textbooks, tutors, and educational facili...
[Detail][Text][Discuss] | 2023-05-11
To House Rules Committee |
| IL | SB1832 | 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] | 2023-05-10
To Senate Assignments Committee |
| IL | HB3039 | Intro
25% | Creates the Extremely High Wealth Mark-to-Market Tax Act. Provides that a resident taxpayer with net assets worth $1,000,000,000 or more on December 31 of the tax year shall recognize gains or losses as if each asset owned by that taxpayer on Decembe...
[Detail][Text][Discuss] | 2023-05-10
To House Rules Committee |
| IL | HB4062 | Intro
25% | Amends the Illinois Income Tax Act. Provides that the following amounts shall be deposited into the Local Government Distributive Fund as the revenue is realized from the specified taxes: (i) 10% of the net revenue realized from the tax imposed under...
[Detail][Text][Discuss] | 2023-05-10
To House Rules Committee |
| IL | HB4071 | 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] | 2023-05-10
To House Rules Committee |
| IL | HB4083 | Intro
25% | Amends the Property Tax Code. Provides that each taxing district shall continuously monitor its cash and cash-equivalent assets. Provides that if, on the last day of the taxing district's fiscal year, the taxing district has an amount in cash or cash...
[Detail][Text][Discuss] | 2023-05-10
To House Rules Committee |
