DCEO-MASTER PLAN House SponsorsRep. Jay Hoffman 1/7/2025HouseSession Sine Die New Act35 ILCS 5/203 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. 1/17/2024HouseFiled with the Clerk by Rep. Jay Hoffman 1/31/2024HouseFirst Reading 1/31/2024HouseReferred to Rules Committee 2/14/2024HouseAssigned to Revenue & Finance Committee 3/8/2024HouseTo Revenue - Tax Credit and Incentives Subcommittee 4/5/2024HouseCommittee/3rd Reading Deadline Extended-Rule May 24, 2024 5/24/2024HouseCommittee/3rd Reading Deadline Extended-Rule May 27, 2024 5/26/2024HouseCommittee/3rd Reading Deadline Extended-Rule May 31, 2024 5/31/2024HouseRule 19(a) / Re-referred to Rules Committee 1/7/2025HouseSession Sine Die