Bill Status of SB 135   104th General Assembly

Short Description:  EDGE-TRANSFER CREDIT

Senate Sponsors
Sen. Sally J. Turner and Chris Balkema

Last Action  View All Actions

DateChamber Action
  6/2/2025SenateRule 3-9(a) / Re-referred to Assignments

Statutes Amended In Order of Appearance
35 ILCS 5/211
35 ILCS 10/5-45

Synopsis As Introduced
Amends the Economic Development for a Growing Economy Tax Credit Act. Provides that the recipient of a credit under the Act may apply for a certificate of transferability of credit from the Department of Commerce and Economic Opportunity for the amount of the credit not previously claimed. Provides that the transferability certificate may be transferred or sold by the recipient to another Illinois taxpayer. Provides that unused Economic Development for a Growing Economy tax credits may be carried forward for a period of 10 years (currently, 5 years). Makes other changes.

Actions 
DateChamber Action
  1/17/2025SenateFiled with Secretary by Sen. Sally J. Turner
  1/17/2025SenateFirst Reading
  1/17/2025SenateReferred to Assignments
  1/28/2025SenateAssigned to Revenue
  3/21/2025SenateRule 2-10 Committee Deadline Established As April 11, 2025
  4/11/2025SenateRule 2-10 Committee Deadline Established As May 9, 2025
  5/9/2025SenateRule 2-10 Committee/3rd Reading Deadline Established As May 23, 2025
  5/23/2025SenateRule 2-10 Committee/3rd Reading Deadline Established As June 1, 2025
  5/30/2025SenateAdded as Co-Sponsor Sen. Chris Balkema
  6/2/2025SenateRule 3-9(a) / Re-referred to Assignments

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