| 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 | 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 | 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 |
| IL | HB4864 | 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] | 2024-04-05
To House Rules Committee |
| IL | HB4960 | Intro
25% | Amends the Illinois Income Tax Act. Creates an income tax credit for each taxpayer who makes a contribution during the taxable year to a domestic violence shelter or domestic violence service program administered by the Department of Human Services i...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB5081 | Intro
25% | Creates the Investing in Tomorrow's Workforce Act. Creates an income tax credit for a taxpayer that makes a qualified contribution to a scholarship granting organization for which the taxpayer has received a certificate of receipt from the organizati...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB5080 | Intro
25% | Creates the Illinois Farmers Who Fight Food Insecurity Act. Establishes an income tax credit for taxpayers who own farm property in the State and make a qualified donation of an agricultural or horticultural commodity, or a cash donation, to a food b...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB5122 | Intro
25% | Amends the Illinois Income Tax Act. Creates an income tax credit in the amount of $500 for a taxpayer who serves as a full-time police officer, firefighter, or rescue worker during the taxable year. Effective immediately.
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB5152 | Intro
25% | Amends the Illinois Income Tax Act. Creates an income tax credit for each individual taxpayer who (i) is a healthcare provider who, for the purpose of providing lawful health care services in this State, permanently relocates during the taxable year ...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB5193 | Intro
25% | Amends the Illinois Income Tax Act. Reduces the rate of tax on individuals, trusts, and estates from 4.95% to 3.99% for taxable years beginning on or after January 1, 2025. Effective immediately.
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB5210 | Intro
25% | Amends the Illinois Income Tax Act. Creates a deduction for any amount included in the taxpayer's federal adjusted gross income as a result of discharge of student loan indebtedness. Creates an income tax credit for qualified higher education expense...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB5279 | Intro
25% | Amends the Illinois Income Tax Act. Provides that the credit for agritourism liability insurance applies for tax years ending on or before December 31, 2028 (currently, December 31, 2023). Effective immediately.
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB5424 | Intro
25% | Amends the Illinois Income Tax Act. Creates an income tax credit for fire equipment distributors that are actively researching and developing alternative fire prevention equipment that contains no perfluoroalkyl or polyfluoroalkyl substances. Provide...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB5366 | Intro
25% | Amends the Illinois Income Tax Act. Creates a deduction for amounts that are included in the taxpayer's federal adjusted gross income for the taxable year that are attributable to the conversion of funds from a qualified tuition program established p...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB5461 | Intro
25% | Creates the Concrete Carbon Utilization, Reduction, and Removal Breakthrough Act. Establishes a performance-based tax credit for concrete producers to incentivize the use of materials and methods for State-funded projects that reduce the embodied car...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB5613 | Intro
25% | Amends the Illinois Income Tax Act. In provisions concerning a deduction for contributions to a College Savings Pool account or the Illinois Prepaid Tuition Trust Fund, provides that a $10,000 limitation does not apply for taxable years beginning on ...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB5611 | Intro
25% | Amends the Illinois Income Tax Act. In provisions requiring a qualified new business venture to repay certain amounts received under the angel investment tax credit if the qualified new business venture fails to maintain its minimum employment thresh...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB5668 | Intro
25% | Amends the Illinois Income Tax Act. Creates an income tax credit for taxpayers who open and operate a supermarket or grocery store in a food desert community designated by the Department of Commerce and Economic Opportunity. Provides that the credit ...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | SB3329 | 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] | 2024-03-22
To Senate Assignments Committee |
| IL | SB3056 | Intro
25% | Amends the Illinois Income Tax Act. Makes a technical change in a Section concerning the short title.
[Detail][Text][Discuss] | 2024-03-20
To Senate Assignments Committee |
| IL | SB3057 | Intro
25% | Amends the Illinois Income Tax Act. Makes a technical change in a Section concerning the short title.
[Detail][Text][Discuss] | 2024-03-20
To Senate Assignments Committee |
| IL | SB3055 | Intro
25% | Amends the Illinois Income Tax Act. Makes a technical change in a Section concerning the short title.
[Detail][Text][Discuss] | 2024-03-20
To Senate Assignments Committee |
| IL | SB0163 | 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] | 2024-03-15
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 | SB1313 | 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] | 2024-03-15
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 | SB1810 | Intro
25% | Amends the Illinois Income Tax Act. Makes changes concerning the federal depreciation deduction and net operating losses to restore provisions that were in effect prior to Public Act 102-16. Amends the Business Corporation Act of 1983. Provides that ...
[Detail][Text][Discuss] | 2024-03-15
To Senate Assignments Committee |
| IL | SB2084 | Intro
25% | Amends the Illinois Income Tax Act. Provides that a taxpayer shall be allowed an income tax credit in an amount equal to 1.3% of the qualified research expenses made by the taxpayer in Illinois. Provides that the taxpayer is not required to have obta...
[Detail][Text][Discuss] | 2024-03-15
To Senate Assignments Committee |
| IL | SB2204 | Intro
25% | Amends the Illinois Income Tax Act. Provides that the maximum withholding tax credit for full-time equivalent employees is determined by the metropolitan and nonmetropolitan area of the State that is the base of operations of the employee, as those a...
[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 | SB2707 | Intro
25% | Amends the Illinois Income Tax Act. Creates an income tax credit for an individual taxpayer who is a medical professional in a community-based practice who serves without compensation as a preceptor for at least one student from a qualifying institut...
[Detail][Text][Discuss] | 2024-03-15
To Senate Assignments Committee |
| IL | SB2833 | Intro
25% | 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...
[Detail][Text][Discuss] | 2024-03-15
To Senate Assignments Committee |
| IL | SB3576 | 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] | 2024-03-15
To Senate Assignments Committee |
| IL | SB2315 | Engross
50% | Amends the Property Tax Code. In provisions granting a homestead exemption to veterans with disabilities, provides that property that is used as a qualified residence by a veteran who was a member of the United States Armed Forces during World War II...
[Detail][Text][Discuss] | 2024-03-14
To Senate Assignments Committee |
| IL | HB4061 | Intro
25% | Amends the Illinois Income Tax Act. Increases the amount to be deposited into the Local Government Distributive Fund from the taxes imposed under the Act. Amends the State Revenue Sharing Act to provide that amounts paid into the Local Government Dis...
[Detail][Text][Discuss] | 2024-03-13
To House Rules Committee |
| IL | SB3790 | 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] | 2024-03-13
To Senate Assignments Committee |
| IL | SB0139 | Engross
50% | Amends the Illinois Income Tax Act. Provides that an apprentice who is hired by the taxpayer through the United States Department of Defense SkillBridge internship program is considered a qualifying apprentice for the purpose of the apprenticeship ed...
[Detail][Text][Discuss] | 2024-03-06
To House Rules Committee |
| IL | HB4691 | Intro
25% | Amends the Illinois Income Tax Act and the Invest in Kids Act. Provides that the Invest in Kids credit applies for taxable years ending before January 1, 2035 (currently, January 1, 2024). Effective immediately.
[Detail][Text][Discuss] | 2024-03-06
To House Rules Committee |
| IL | SB3243 | Intro
25% | Amends the Illinois Income Tax Act and the Invest in Kids Act. Provides that the Invest in Kids credit applies permanently (currently, the credit applies for taxable years ending before January 1, 2024). Effective immediately.
[Detail][Text][Discuss] | 2024-02-26
To Senate Assignments Committee |
| IL | HB5661 | Intro
25% | Amends the Illinois Income Tax Act. Makes a technical change in a Section concerning the short title.
[Detail][Text][Discuss] | 2024-02-20
To House Rules Committee |
| IL | HB5662 | Intro
25% | Amends the Illinois Income Tax Act. Makes a technical change in a Section concerning the short title.
[Detail][Text][Discuss] | 2024-02-20
To House Rules Committee |
