Illinois Code | Chapter 35

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ILHB4225Intro
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
ILHB4202Intro
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
ILHB4161Intro
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
ILHB4194Intro
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...
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2023-10-25
To House Rules Committee
ILHB4105Intro
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
ILHB4157Intro
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
ILSB2612Intro
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
ILSB2149Intro
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
ILSB2199Intro
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
ILHB1257Intro
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
ILHB2051Intro
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
ILHB3537Intro
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
ILSB1675PassAmends the Property Tax Code. Makes changes concerning interest penalties due on delinquent amounts in counties with 3,000,000 or more inhabitants beginning in tax year 2023. Specifies that counties shall be the designated holders of all tax liens an...
[Detail][Text][Discuss]
2023-08-11
Public Act . . . . . . . . . 103-0555
ILSB0074PassReinserts the provisions of the engrossed bill with changes. In provisions creating the Property Tax Payment Plan Task Force, adds one member appointed by the Minority Leader of the Senate and one member appointed by the Minority Leader of the House ...
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2023-07-28
Public Act . . . . . . . . . 103-0369
ILSB1705PassAmends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Creates an exemption for property that is sold to an active duty member of the armed forces of the United States who presents vali...
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2023-07-28
Public Act . . . . . . . . . 103-0384
ILSB2047PassAmends the Illinois Income Tax Act. Provides that, if the taxpayer is a partnership or Subchapter S corporation, the credit is allowed to pass through to the partners and shareholders in accordance with the determination of income and distributive sh...
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2023-07-28
Public Act . . . . . . . . . 103-0396
ILHB2539PassAmends the Property Tax Code and the Counties Code. In provisions concerning stipends and additional compensation for certain officials, provides that the Department of Revenue shall remit to each county (or township, if applicable) the amount requir...
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2023-07-28
Public Act . . . . . . . . . 103-0318
ILHB2518PassAmends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Extends the estimated dates of completion of redevelopment projects and the retirement of obligations issued to finance redevelopment project costs for various ordi...
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2023-07-28
Public Act . . . . . . . . . 103-0315
ILHB2579PassAmends the Department of Revenue Law of the Civil Administrative Code of Illinois and the Retailers' Occupation Tax Act. Provides that the Department of Revenue may deny a certificate of registration to an applicant or refuse to issue, reissue, or re...
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2023-07-28
Public Act . . . . . . . . . 103-0319
ILHB1343Intro
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
ILHB2224PassAmends the State Comptroller Act. Provides that after 3 years from the date of issuance of an original Comptroller's warrant, any sum of money payable shall be presumed abandoned and subject to disposition under the Revised Uniform Unclaimed Property...
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2023-06-30
Public Act . . . . . . . . . 103-0148
ILHB2289PassCreates the First 2023 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...
[Detail][Text][Discuss]
2023-06-30
Public Act . . . . . . . . . 103-0154
ILSB0185Intro
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
ILSB0804Intro
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
ILSB1155Intro
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
ILSB1148Intro
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
ILSB1154Intro
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
ILSB0806Intro
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
ILSB1157Intro
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
ILSB1145Intro
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
ILHB3902PassSpecifies that the amendatory Act may be referred to as the Drones as First Responders Act. Amends the Freedom from Drone Surveillance Act. Defines the terms "parade", "routed event", and "special event". Authorizes the use of drones for additional s...
[Detail][Text][Discuss]
2023-06-16
Public Act . . . . . . . . . 103-0101
ILSB1385Intro
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
ILHB2933Intro
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
ILSB1225PassAmends the Property Tax Code. Provides that the chief county assessment officer in a county with fewer than 3,000,000 inhabitants may require an application to be made to establish or reestablish that a parcel is entitled to common area assessment of...
[Detail][Text][Discuss]
2023-06-09
Public Act . . . . . . . . . 103-0083
ILSB1641PassAmends the Uniform Penalty and Interest Act. In provisions concerning penalties for late payment or nonpayment of tax, removes references to an amended return. Provides that a liability resulting from a federal change that is reported and paid no lat...
[Detail][Text][Discuss]
2023-06-09
Public Act . . . . . . . . . 103-0098
ILSB1963PassAmends the Use Tax Act, the Service Use Tax Act, and the Service Occupation Tax Act to update a cross reference. Makes changes concerning incentives for mid-range ethanol blends, gasohol, and majority blended ethanol fuel. Makes changes concerning an...
[Detail][Text][Discuss]
2023-06-07
Public Act . . . . . . . . . 103-0009
ILHB0610Intro
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
ILHB2830Intro
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
ILHB2348Intro
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
ILHB2087Intro
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
ILSB1737Intro
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
ILHB1642Intro
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
ILHB3368Intro
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
ILHB2417Intro
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
ILSB1735Intro
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
ILSB2253Intro
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
ILSB2206Intro
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
ILHB3544Intro
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
ILSB1832Intro
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
ILHB3039Intro
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
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