| IL | HB5306 | 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. Provides that hemp extract, h...
[Detail][Text][Discuss] | 2024-11-15
To House Rules Committee |
| IL | SB3489 | Intro
25% | Amends the Illinois Income Tax Act. Creates a deduction for amounts that are disallowed as a deduction on the taxpayer's federal income tax return because of the $10,000 limitation under the federal Internal Revenue Code on deductions for certain Sta...
[Detail][Text][Discuss] | 2024-07-02
To Senate Assignments Committee |
| IL | HB4844 | Pass | Creates the First 2024 General Revisory Act. Combines multiple versions of Sections amended by more than one Public Act. Renumbers Sections of various Acts to eliminate duplication. Corrects obsolete cross-references and technical errors. Makes styli...
[Detail][Text][Discuss] | 2024-07-01
Effective Date July 1, 2024 |
| IL | HB4496 | Intro
25% | 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 Revenu...
[Detail][Text][Discuss] | 2024-05-31
To House Rules Committee |
| IL | HB4736 | Intro
25% | Amends the Illinois Income Tax Act. Creates a deduction for an amount equal to the amount included in the taxpayer's federal adjusted gross income that is attributable to student loan repayment assistance received by the taxpayer during the taxable y...
[Detail][Text][Discuss] | 2024-05-22
To House Rules Committee |
| 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 | SB3273 | Intro
25% | Amends the Illinois Income Tax Act. Creates a deduction for an amount equal to the amount included in the taxpayer's federal adjusted gross income that is attributable to student loan repayment assistance received by the taxpayer during the taxable y...
[Detail][Text][Discuss] | 2024-05-09
To Senate Assignments Committee |
| IL | SB3152 | Intro
25% | Amends the Illinois Income Tax Act. Creates an income tax deduction for an amount of up to $50,000 per tax year contributed to a small business asset purchase account and all interest earned on such accounts during the tax year. Provides that a "smal...
[Detail][Text][Discuss] | 2024-05-03
To Senate Assignments Committee |
| IL | SB3395 | Intro
25% | Creates the Music and Musicians Tax Credit and Jobs Act. Provides that the Department of Commerce and Economic Opportunity may award credits to qualified music companies. Creates the Music Education Scholarship Act. Provides that the Board of Higher ...
[Detail][Text][Discuss] | 2024-05-03
To Senate Assignments Committee |
| IL | HB1241 | 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] | 2024-05-02
To House Rules Committee |
| IL | HB4669 | Intro
25% | Amends the Illinois Income Tax Act. Creates an income tax deduction for an amount of up to $50,000 per tax year contributed to a small business asset purchase account and all interest earned on such accounts during the tax year. Provides that a "smal...
[Detail][Text][Discuss] | 2024-04-19
To House Rules Committee |
| IL | HB5759 | Intro
25% | Creates the Music and Musicians Tax Credit and Jobs Act. Provides that the Department of Commerce and Economic Opportunity may award credits to qualified music companies. Creates the Music Education Scholarship Act. Provides that the Board of Higher ...
[Detail][Text][Discuss] | 2024-04-18
To House Rules Committee |
| IL | HB3278 | Intro
25% | Amends the Illinois Income Tax Act. Creates a deduction in an amount equal to the capital gains realized by the taxpayer from the taking of property by eminent domain to the extent that those gains are included in the taxpayer's federal taxable incom...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB3580 | Intro
25% | Amends the Illinois Income Tax Act. Provides that the amendatory Act may be referred to as the Reshore Our Supply Chains Tax Reform Act. In specified provisions concerning base income, provides that a taxpayer may claim a depreciation deduction for f...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB4088 | Intro
25% | Amends the Illinois Income Tax Act. Creates a deduction for the full amount of union dues paid by the taxpayer during the taxable year if the taxpayer was not allowed a federal deduction under the Internal Revenue Code. Provides that, if any amount o...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB4204 | Intro
25% | Amends the Illinois Income Tax Act. Creates a deduction in an amount equal to the qualified expenses paid or incurred by a qualified performing artist in connection with the performances by the qualified performing artist in the performing arts as an...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB4246 | Intro
25% | Amends the Illinois Income Tax Act. Creates a deduction for 100% of the income of a qualified new business. Provides that the term "qualified new business” means a business that has its principal place of business in the State and first begins oper...
[Detail][Text][Discuss] | 2024-04-05
To House Rules Committee |
| IL | HB4435 | 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] | 2024-04-05
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 | 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 | 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 | 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 | 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 | HB5310 | 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] | 2024-02-09
To House Rules Committee |
| IL | HB4882 | Intro
25% | Amends the State Treasurer Act. In provisions relating to the College Savings Pool established by the State Treasurer pursuant to Section 529 of the Internal Revenue Code, provides that an "eligible educational institution" includes elementary or sec...
[Detail][Text][Discuss] | 2024-02-07
To House Rules Committee |
| IL | SB2981 | Intro
25% | Amends the Illinois Income Tax Act. Creates a deduction in an amount equal to any overtime wages paid to the taxpayer during the taxable year. Effective immediately.
[Detail][Text][Discuss] | 2024-01-31
To Senate Assignments Committee |
| IL | HB4157 | Intro
25% | Amends the Illinois Income Tax Act. Provides that, when calculating the taxpayer's base income, the taxpayer's federal adjusted gross income shall be modified to exclude the portion of the income or loss received from a trade or business conducted wi...
[Detail][Text][Discuss] | 2023-10-18
To House Rules Committee |
| IL | HB3039 | Intro
25% | Creates the Extremely High Wealth Mark-to-Market Tax Act. Provides that a resident taxpayer with net assets worth $1,000,000,000 or more on December 31 of the tax year shall recognize gains or losses as if each asset owned by that taxpayer on Decembe...
[Detail][Text][Discuss] | 2023-05-10
To House Rules Committee |
| IL | SB1467 | Intro
25% | Creates the Illinois Fertility Fraud Act. Allows the following individuals to bring an action against any health care provider, embryologist, or any other person involved in any stage of the treatment who knowingly or intentionally used the health ca...
[Detail][Text][Discuss] | 2023-03-31
To Senate Assignments Committee |
| IL | HB2597 | Intro
25% | Amends the Illinois Income Tax Act. Creates a deduction in an amount equal to the amount received by the taxpayer in gratuities during the taxable year. Provides that the deduction is exempt from the Act's automatic sunset provision. Effective immedi...
[Detail][Text][Discuss] | 2023-03-16
To House Rules Committee |
| IL | HB2598 | Intro
25% | Amends the Illinois Income Tax Act. Creates an income tax deduction in an amount equal to the out-of-pocket costs incurred by a taxpayer during the taxable year for expenses associated with long-term care for the taxpayer or the taxpayer's family mem...
[Detail][Text][Discuss] | 2023-03-16
To House Rules Committee |
| IL | HB0998 | Intro
25% | Amends the Illinois Income Tax Act. Creates an income tax deduction in an amount equal to any federal deduction disallowed pursuant to Section 280E of the Internal Revenue Code related to the production and distribution of adult-use cannabis products...
[Detail][Text][Discuss] | 2023-03-10
To House Rules Committee |
| IL | SB1295 | Intro
25% | Amends the Illinois Income Tax Act. Provides for a deduction in an amount equal to the amount paid to the taxpayer during the taxable year for services as a volunteer firefighter. Provides that the credit may not exceed $10,000 in any taxable year. E...
[Detail][Text][Discuss] | 2023-03-10
To Senate Assignments Committee |
| IL | HB2256 | Intro
25% | Amends the Illinois Income Tax Act. Creates a deduction for the full amount of union dues paid by the taxpayer during the taxable year if the taxpayer was not allowed a federal deduction under the Internal Revenue Code. Provides that, if any amount o...
[Detail][Text][Discuss] | 2023-03-10
To House Rules Committee |
| IL | SB1906 | Intro
25% | Amends the Illinois Income Tax Act. Provides that, when calculating the taxpayer's base income, the taxpayer's federal adjusted gross income shall be modified to exclude (i) the portion of income or loss that is received from a trade or business cond...
[Detail][Text][Discuss] | 2023-03-10
To Senate Assignments Committee |
| IL | SB2196 | Intro
25% | Amends the Illinois Income Tax Act. Creates a deduction in an amount equal to the deductions and credits that were disallowed under Section 280E of the Internal Revenue Code for the taxable year. Amends the Civic Center Code, the Flood Prevention Dis...
[Detail][Text][Discuss] | 2023-03-10
To Senate Assignments Committee |
| IL | HB2568 | 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] | 2023-03-10
To House Rules Committee |
| IL | HB3088 | Intro
25% | Amends the Illinois Income Tax Act. Creates an income tax deduction for premiums paid by the taxpayer during the taxable year under an individual health insurance plan covering the taxpayer or the taxpayer's dependents.
[Detail][Text][Discuss] | 2023-03-10
To House Rules Committee |
| IL | HB3124 | Intro
25% | Amends the Illinois Income Tax Act. Provides that, when calculating the taxpayer's base income, the taxpayer's federal adjusted gross income shall be modified to exclude (i) the portion of the income or loss received from a trade or business conducte...
[Detail][Text][Discuss] | 2023-02-17
To House Rules Committee |
| IL | HB3914 | Intro
25% | Amends the Illinois Income Tax Act. Creates a deduction in an amount equal to the deductions and credits that were disallowed under Section 280E of the Internal Revenue Code for the taxable year. Amends the Civic Center Code, the Flood Prevention Dis...
[Detail][Text][Discuss] | 2023-02-17
To House Rules Committee |
| IL | SB1535 | 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 Illinois Estate and Generation-Skipping Transfer...
[Detail][Text][Discuss] | 2023-02-08
To Senate Assignments Committee |
| IL | SB0051 | Intro
25% | Amends the Illinois Income Tax Act. Creates a deduction in an amount equal to any overtime wages paid to the taxpayer during the taxable year. Effective immediately.
[Detail][Text][Discuss] | 2023-01-20
To Senate Assignments Committee |
