Bill Sponsors: IL SB0805 | 2023-2024 | 103rd General Assembly
Bill Title: 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 Revenue Code of 1986. Amends the Illinois Income Tax Act. Creates a deduction for capital contributions that are made pursuant to a master development plan and that are included in the taxpayer's federal taxable income for the taxable year under Section 118 of the Internal Revenue Code. Effective immediately.
Spectrum: Partisan Bill (Democrat 4-0)
Status: (Engrossed) 2023-12-10 - Pursuant to Senate Rule 3-9(b) / Referred to Assignments [SB0805 Detail]
Text: Latest bill text (Engrossed) [HTML]
Spectrum: Partisan Bill (Democrat 4-0)
Status: (Engrossed) 2023-12-10 - Pursuant to Senate Rule 3-9(b) / Referred to Assignments [SB0805 Detail]
Text: Latest bill text (Engrossed) [HTML]
Sponsors
Name | Type | Sponsorship | District | Financial | Encyclopedia | Biography |
---|---|---|---|---|---|---|
Senator Celina Villanueva [D] | Primary | Sponsored Bills | SD-012 | FollowTheMoney | Ballotpedia | VoteSmart |
Senator Adriane Johnson [D] | Cosponsor | Sponsored Bills | SD-030 | N/A | Ballotpedia | VoteSmart |
Senator Mary Edly-Allen [D] | Cosponsor | Sponsored Bills | SD-031 | FollowTheMoney | Ballotpedia | VoteSmart |
Representative Jay Hoffman [D] | Primary | Sponsored Bills | HD-113 | FollowTheMoney | Ballotpedia | VoteSmart |