IL SB2833 | 2023-2024 | 103rd General Assembly

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 19 2024 - 25% progression
Action: 2024-03-15 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Summary

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) do not serve on a full-time or part-time career basis for the entity for which they volunteer. Provides that the Department of Revenue may award not more than $5,000,000 in credits under those provisions in any calendar year. Effective immediately.

Tracking Information

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Title

INC TX-VOLUNTEERS

Sponsors


History

DateChamberAction
2024-03-15SenateRule 3-9(a) / Re-referred to Assignments
2024-01-31SenateAssigned to Revenue
2024-01-19SenateReferred to Assignments
2024-01-19SenateFirst Reading
2024-01-19SenateFiled with Secretary by Sen. Paul Faraci

Code Citations

ChapterArticleSectionCitation TypeStatute Text
355241New CodeSee Bill Text
51005-45.55New CodeSee Bill Text

Illinois State Sources


Bill Comments

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