IL SB2998 | 2023-2024 | 103rd General Assembly
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 2 2024 - 25% progression
Action: 2024-05-03 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 2 2024 - 25% progression
Action: 2024-05-03 - 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 taxpayers who make an investment in depreciable property used primarily to collect or process reclaimable material or to manufacture products from reclaimed material. Sets forth the amount of the credit. Effective immediately.
Title
INC TX-RECYCLING PROGRAMS
Sponsors
| Sen. Jil Tracy [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2024-05-03 | Senate | Rule 3-9(a) / Re-referred to Assignments |
| 2024-04-05 | Senate | Rule 2-10 Committee Deadline Established As May 3, 2024 |
| 2024-03-15 | Senate | Rule 2-10 Committee Deadline Established As April 5, 2024 |
| 2024-02-14 | Senate | Assigned to Revenue |
| 2024-02-02 | Senate | Referred to Assignments |
| 2024-02-02 | Senate | First Reading |
| 2024-02-02 | Senate | Filed with Secretary by Sen. Jil Tracy |
Code Citations
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2998&GAID=17&DocTypeID=SB&SessionID=112&GA=103 |
| Text | https://www.ilga.gov/legislation/103/SB/10300SB2998.htm |
