Date	Chamber	Action
4/11/2025	House	Rule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance

New Act

35 ILCS 5/203

from 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 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.

Actions 

Date	Chamber	Action
1/28/2025	House	Filed with the Clerk by Rep. Jay Hoffman
1/28/2025	House	First Reading
1/28/2025	House	Referred to Rules Committee
2/25/2025	House	Assigned to Revenue & Finance Committee
3/3/2025	House	To Tax Credit and Incentives Subcommittee
3/20/2025	House	Recommends Do Pass Subcommittee/ Revenue & Finance Committee; 004-000-000
3/20/2025	House	Reported Back To Revenue & Finance Committee;
3/20/2025	House	Do Pass / Short Debate Revenue & Finance Committee; 013-007-000
3/20/2025	House	Placed on Calendar 2nd Reading - Short Debate
3/26/2025	House	Second Reading - Short Debate
3/26/2025	House	Held on Calendar Order of Second Reading - Short Debate
4/11/2025	House	Rule 19(a) / Re-referred to Rules Committee

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