Bill Status of SB 1271   104th General Assembly

Short Description:  DCEO-TAX CREDIT REPORT

Senate Sponsors
Sen. Seth Lewis and Chris Balkema

Last Action  View All Actions

DateChamber Action
  1/28/2025SenateReferred to Assignments

Statutes Amended In Order of Appearance
35 ILCS 5/246 new
35 ILCS 5/247 new
35 ILCS 5/248 new

Synopsis As Introduced
Amends Illinois Income Tax Act. Creates a legacy tax credit for businesses that are headquartered in the State. Creates an employee tax credit and a collective bargaining employee tax credit. Effective immediately.

Actions 
DateChamber Action
  1/28/2025SenateFiled with Secretary by Sen. Seth Lewis
  1/28/2025SenateFirst Reading
  1/28/2025SenateReferred to Assignments
  5/30/2025SenateAdded as Co-Sponsor Sen. Chris Balkema

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