Bill Status of HB4274

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HB4274 - 104th General Assembly

DCEO-MASTER REDEVELOPMENT PLAN
Last Action
1/14/2026 - House: Referred to Rules Committee
House Sponsors
Rep. Jay Hoffman
Statutes Amended In Order of Appearance
New Act
35 ILCS 5/203from Ch. 120, par. 2-203
Synopsis As Introduced
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. 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.
Actions
Date Chamber Action
1/05/2026 House Filed with the Clerk by Rep. Jay Hoffman
1/14/2026 House First Reading
1/14/2026 House Referred to Rules Committee