| IL | SB0172 | Intro
25% | Creates the Endow Illinois Tax Credit Act. Provides that the Department of Revenue shall award income tax credits to taxpayers who provide an endowment gift to a permanent endowment fund during the taxable year and receive a certificate of receipt fo...
[Detail][Text][Discuss] | 2024-05-09
To Senate Assignments Committee |
| IL | SB2075 | Intro
25% | Amends Illinois Income Tax Act. Creates a legacy tax credit for businesses that are headquartered in the State. Creates an employee tax credit and a collective bargaining employee tax credit. Effective immediately.
[Detail][Text][Discuss] | 2024-05-03
To Senate Assignments Committee |
| IL | SB2265 | Intro
25% | Amends the School Code. Provides that the State Board of Education shall establish a teacher recruitment and retention program, which shall encourage both new and experienced teachers to seek employment with qualifying public schools by providing for...
[Detail][Text][Discuss] | 2024-05-03
To Senate Assignments Committee |
| IL | SB0210 | Intro
25% | Amends the Illinois Income Tax Act. Provides that a taxpayer who may claim a qualifying student as a dependent is allowed a credit of up to $2,000 for qualified tuition and fee expenses paid by the taxpayer. Provides that the term qualifying student ...
[Detail][Text][Discuss] | 2024-03-15
To Senate Assignments Committee |
| IL | SB0318 | Intro
25% | Amends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to the amount paid by the taxpayer during the taxable year for the purpose of purchasing materials, labor, and professional services to soundproof a residential home ...
[Detail][Text][Discuss] | 2024-03-15
To Senate Assignments Committee |
| IL | SB1444 | Intro
25% | Amends the Illinois Income Tax Act. Creates an income tax credit for dependents of the taxpayer. Provides that the maximum amount of the credit is $700 per qualified dependent of the taxpayer. Provides that the maximum amount shall be reduced by $24 ...
[Detail][Text][Discuss] | 2024-03-15
To Senate Assignments Committee |
| IL | SB1583 | Intro
25% | Amends the Illinois Income Tax Act. Creates a credit in an amount equal to 10% of the stipend or salary paid by the taxpayer to up to (i) 5 qualified college interns or (ii) 5 qualified high school interns during the taxable year. Provides that no ta...
[Detail][Text][Discuss] | 2024-03-15
To Senate Assignments Committee |
| IL | SB1532 | Intro
25% | Amends the Illinois Income Tax Act. Creates an income tax credit for Illinois licensed wine manufacturers and craft brewers in an amount equal to 50% of the qualified costs incurred by a qualified taxpayer during the taxable year. Prohibits a taxpaye...
[Detail][Text][Discuss] | 2024-03-15
To Senate Assignments Committee |
| IL | SB2594 | Intro
25% | Amends the Illinois Income Tax Act. Removes a provision providing that the aggregate amount of credits awarded under a provision granting a credit to volunteer emergency workers may not exceed $5,000,000 in any calendar year. Effective immediately.
[Detail][Text][Discuss] | 2024-03-15
To Senate Assignments Committee |
| IL | SB1737 | Intro
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 |
| IL | SB2253 | Intro
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 |
| IL | SB0168 | Intro
25% | Amends the Illinois Income Tax Act. Creates a child care credit in an amount equal to 25% of the federal tax credit for each qualifying child. Effective immediately.
[Detail][Text][Discuss] | 2023-03-30
To Senate Assignments Committee |
| IL | SB1743 | Intro
25% | Creates the Revitalizing Downtowns Tax Credit Act. Creates an income tax credit in an aggregate amount equal to 25% of the qualified expenditures incurred by a qualified taxpayer undertaking a plan to substantially convert an office building from off...
[Detail][Text][Discuss] | 2023-03-28
To Senate Assignments Committee |
| IL | SB1683 | 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] | 2023-03-22
To Senate Assignments Committee |
| IL | SB2316 | Intro
25% | Amends the Illinois Income Tax Act. Creates an income tax credit for any taxpayers that hire a new employee for a position as a driver for which a commercial driver's license is required and any individual taxpayers who are employed as a driver in a ...
[Detail][Text][Discuss] | 2023-03-21
To Senate Assignments Committee |
| IL | SB0050 | Intro
25% | Amends the Illinois Income Tax Act. Provides that each individual who serves as a volunteer firefighter, a volunteer EMS provider, or a volunteer emergency worker during the taxable year is entitled to a credit in an amount equal to $1,000. Effective...
[Detail][Text][Discuss] | 2023-03-10
To Senate Assignments Committee |
| IL | SB0141 | Intro
25% | 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...
[Detail][Text][Discuss] | 2023-03-10
To Senate Assignments Committee |
| IL | SB0164 | Intro
25% | Amends the Illinois Income Tax Act. Creates an income tax credit for an employer who hires a qualified employee to work at a location in the State. Sets forth the amount of the credit. Provides that the credit shall be increased if (i) the qualified ...
[Detail][Text][Discuss] | 2023-03-10
To Senate Assignments Committee |
| IL | SB0341 | Intro
25% | Amends the Illinois Income Tax Act. Creates a credit for financial institutions with less than $50,000,000,000 in assets in an amount equal to the aggregate amount of all fees, penalties, and any other income derived during the taxable year from each...
[Detail][Text][Discuss] | 2023-03-10
To Senate Assignments Committee |
| IL | SB1836 | Intro
25% | Amends the Illinois Income Tax Act. Creates an income tax credit for individual taxpayers who rent a dwelling in Illinois for use as their principal place of residence. Provides that the credit shall be equal to 5% of the documented rental costs paid...
[Detail][Text][Discuss] | 2023-03-10
To Senate Assignments Committee |
| IL | SB1903 | Intro
25% | Amends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to 10% of the manufacturing capital expenditures incurred by the taxpayer during the taxable year or, if the taxpayer is located in a rural or economically challenged...
[Detail][Text][Discuss] | 2023-03-10
To Senate Assignments Committee |
| IL | SB2282 | Intro
25% | Amends the Illinois Income Tax Act. Creates an income tax credit for taxpayers who employ qualified employees. Provides that the term "qualified employee" means an individual who (i) is employed by the taxpayer as an engineer and (ii) graduated from ...
[Detail][Text][Discuss] | 2023-03-10
To Senate Assignments Committee |
| IL | SB0344 | Intro
25% | Amends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to $500 for individuals who serve as volunteer emergency workers for at least 9 months during the taxable year and do not receive compensation of more than $10,000 du...
[Detail][Text][Discuss] | 2023-03-08
To Senate Assignments Committee |
