| IL | HB1706 | Intro
25% | Amends the Illinois Income Tax Act. Makes a technical change in a Section concerning the short title.
[Detail][Text][Discuss] | 2024-04-19
To House Rules Committee |
| IL | HB1702 | Intro
25% | Amends the Illinois Income Tax Act. Makes a technical change in a Section concerning the short title.
[Detail][Text][Discuss] | 2024-04-19
To House Rules Committee |
| IL | HB3704 | Intro
25% | Amends the Illinois Income Tax Act. Provides that, if a dependent of the taxpayer is included in the PUNS database maintained by the Department of Human Services during the taxable year, then the taxpayer is entitled to a refundable income tax credit...
[Detail][Text][Discuss] | 2024-04-19
To House Rules Committee |
| IL | HB4669 | Intro
25% | Amends the Illinois Income Tax Act. Creates an income tax deduction for an amount of up to $50,000 per tax year contributed to a small business asset purchase account and all interest earned on such accounts during the tax year. Provides that a "smal...
[Detail][Text][Discuss] | 2024-04-19
To House Rules Committee |
| IL | HB4917 | Intro
25% | Amends the Illinois Income Tax Act. Creates a child tax credit in an amount equal to the product of a specified credit amount multiplied by the number of qualifying children of the taxpayer. Effective immediately.
[Detail][Text][Discuss] | 2024-04-19
To House Rules Committee |
| IL | HB4998 | Intro
25% | Amends the Illinois Income Tax Act. Removes a provision that sets forth the basic amount of the standard exemption for taxable years ending on or after December 31, 2023 and prior to December 31, 2024, and restores the cost-of-living adjustment for t...
[Detail][Text][Discuss] | 2024-04-19
To House Rules Committee |
| IL | HB5306 | 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] | 2024-04-19
To House Rules Committee |
| IL | HB4526 | Intro
25% | Amends the Illinois Income Tax Act. Creates an income tax credit in the amount of $5,000 for a taxpayer who is a qualified community care physician. Effective immediately.
[Detail][Text][Discuss] | 2024-04-18
To House Rules Committee |
| IL | HB5759 | Intro
25% | Creates the Music and Musicians Tax Credit and Jobs Act. Provides that the Department of Commerce and Economic Opportunity may award credits to qualified music companies. Creates the Music Education Scholarship Act. Provides that the Board of Higher ...
[Detail][Text][Discuss] | 2024-04-18
To House Rules Committee |
| IL | HB5194 | Intro
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...
[Detail][Text][Discuss] | 2024-04-11
To House Rules Committee |
| IL | HB1073 | Intro
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...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB2374 | Intro
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] | 2024-04-05
To House Rules Committee |
| IL | HB2435 | Intro
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] | 2024-04-05
To House Rules Committee |
| IL | HB2466 | Intro
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] | 2024-04-05
To House Rules Committee |
| IL | HB2819 | Intro
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] | 2024-04-05
To House Rules Committee |
| IL | HB3278 | Intro
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] | 2024-04-05
To House Rules Committee |
| IL | HB3797 | Intro
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...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB3686 | Intro
25% | Amends the Illinois Income Tax Act. Provides that the rate of tax on individuals, trusts, and estates is 4.85% (currently, 4.95%). Makes a conforming change concerning the pass-through entity tax. Effective immediately.
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB3580 | Intro
25% | Amends the Illinois Income Tax Act. Provides that the amendatory Act may be referred to as the Reshore Our Supply Chains Tax Reform Act. In specified provisions concerning base income, provides that a taxpayer may claim a depreciation deduction for f...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB3678 | Intro
25% | Amends the Illinois Income Tax Act. Creates an income tax credit for individual taxpayers who participate in an apprenticeship program during the taxable year. Provides that the credit is equal to the unreimbursed expenses incurred by the taxpayer to...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB3685 | Intro
25% | Amends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to the foster care expenses, not to exceed $1,000 in any taxable year, paid or incurred by the taxpayer with respect to a qualified dependent child. Provides that the...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB4088 | Intro
25% | Amends the Illinois Income Tax Act. Creates a deduction for the full amount of union dues paid by the taxpayer during the taxable year if the taxpayer was not allowed a federal deduction under the Internal Revenue Code. Provides that, if any amount o...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB4106 | Intro
25% | Amends the Illinois Income Tax Act. Provides that a qualified taxpayer that has begun construction on a qualified restoration or preservation project prior to December 31, 2026, will be eligible to receive the tax credit until the taxable year that t...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB4204 | Intro
25% | Amends the Illinois Income Tax Act. Creates a deduction in an amount equal to the qualified expenses paid or incurred by a qualified performing artist in connection with the performances by the qualified performing artist in the performing arts as an...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB4246 | Intro
25% | Amends the Illinois Income Tax Act. Creates a deduction for 100% of the income of a qualified new business. Provides that the term "qualified new business' means a business that has its principal place of business in the State and first begins operat...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB4128 | Intro
25% | Creates the Veterans Day Paid Leave Act. On and after January 1, 2025, requires each employer to provide each employee who is a veteran with a paid day off on Veterans Day if the employee would otherwise be required to work on that day. Provides that...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB4250 | Intro
25% | Amends the Illinois Income Tax Act. Creates an income tax credit of $250 for taxpayers who make 4 or more qualified donations of human whole blood or human blood components during the taxable year. Effective immediately.
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB4403 | Intro
25% | Amends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to 100% of the State and federal income, estate, and gift taxes incurred by the taxpayer during the taxable year as a result of a liquidation of assets by the taxpaye...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB4370 | Intro
25% | Amends the Illinois Income Tax Act. Creates a credit for individual taxpayers in an amount equal to 100% of the eligible recycling costs incurred by the taxpayer during the taxable year, not to exceed $1,000 per taxpayer. Provides that "eligible recy...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB4405 | Intro
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 ...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB4406 | Intro
25% | Amends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to the foster care expenses, not to exceed $1,000 in any taxable year, paid or incurred by the taxpayer with respect to a qualified dependent child. Provides that the...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB4413 | Intro
25% | Amends the Illinois Income Tax Act. Creates a credit against withholding taxes for each employer in the City of Chicago who (i) employs a covered employee at a job location in the City of Chicago in an occupation in which gratuities have customarily ...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB4430 | Intro
25% | Amends the Illinois Income Tax Act. Creates a credit for certain small businesses in an amount equal to the lesser of (i) 10% of the property taxes paid by the qualified small business during the taxable year for eligible real property or (ii) $1,500...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB4435 | Intro
25% | Amends the Illinois Income Tax Act. Creates an income tax deduction for any amounts paid by the taxpayer's employer on behalf of the taxpayer as part of an educational assistance program. Creates an income tax deduction for any amounts paid by the ta...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB4457 | 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] | 2024-04-05
To House Rules Committee |
| IL | HB4455 | Intro
25% | Amends the Illinois Income Tax Act. Increases the amount transferred from the General Revenue Fund to the Local Government Distributive Fund. Effective immediately.
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB4463 | Intro
25% | Amends the Illinois Income Tax Act. Provides that the maximum amount of the credit for instructional materials and supplies is $5,000 for taxable years beginning on or after January 1, 2024 (currently, $500). Effective immediately.
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB4496 | Intro
25% | Creates the Master Development Plan Recognition Act. Provides that certain contributions made by the State or units of local government are considered made pursuant to a master development plan within the meaning of Section 118 of the Internal Revenu...
[Detail][Text][Discuss] | 2024-04-05
To House Tax Credit and Incentives Committee |
| IL | HB4560 | Intro
25% | Amends the Illinois Income Tax Act. Creates an income tax credit for the eligible purchase of a firearm safety device. Effective immediately.
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB4565 | Intro
25% | Amends the Illinois Income Tax Act. Creates an income tax credit not to exceed 25% of the eligible costs incurred by the taxpayer during the taxable year in connection with the production of a biobased product. Provides that the Department of Commerc...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB4578 | Intro
25% | Amends the Illinois Income Tax Act. Creates an income tax credit for taxpayers who have an approved NFPA 13D residential fire sprinkler system installed in a new or existing residential dwelling in the State during the taxable year. Provides that the...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB4670 | Intro
25% | Amends the Child Care Act of 1969. Creates a manufacturer child care center incentive pilot program in this State. Provides that an applicant shall follow staffing, medication, background checks, and liability insurance requirements as contained in a...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB4700 | Intro
25% | Amends the Illinois Income Tax Act. Increases the maximum amount of the education expense credit from $750 to $1,000. Effective immediately.
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB4676 | Intro
25% | Amends the Illinois Income Tax Act. Provides that a taxpayer who is a family caregiver is eligible to receive a nonrefundable income tax credit in an amount equal to 100% of the eligible expenditures incurred by the taxpayer during the taxable year r...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB4766 | 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 shall award income tax credits in an amount equal to 13% of the qualifying ...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB4790 | 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] | 2024-04-05
To House Rules Committee |
| IL | HB4858 | Intro
25% | Amends the Illinois Income Tax Act. Provides that a qualified taxpayer who has annual student loan repayment expenses is eligible for an income tax credit equal to the taxpayer's student loan repayment expenses for the taxable year, but not to exceed...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB4847 | Intro
25% | Creates the Interactive Digital Media Tax Credit Act. Entitles interactive digital media companies that meet certain requirements to an income tax credit in the amount of 30% of certain expenses incurred by the applicant for an accredited production ...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB4857 | Intro
25% | Creates the Distressed Farmers Act. Provides that the Department of Agriculture shall fund and administer programs to address the needs of distressed farmers. Provides for a tax credit for distressed farmers. Amends The Illinois Income Tax Act. Provi...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB4871 | Intro
25% | Amends the Illinois Income Tax Act. Provides that the credit for ex-felons is renamed the credit for returning citizens. Provides that, for taxable years beginning on or after January 1, 2025, if the qualified returning citizen is employed by the tax...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
