Bill Status of SB 1877   104th General Assembly

Short Description:  EDGE WITHHOLDING-STEEL

Senate Sponsors
Sen. David Koehler and Neil Anderson-Sally J. Turner

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 10/5-15

Synopsis As Introduced
Amends the Economic Development for a Growing Economy Tax Credit Act. Provides that certain taxpayers that are primarily engaged in the recycling and melting of steel products and in the manufacturing of new steel wire and rod products may elect to claim the credit under the Act against their withholding tax liability instead of their income tax liability. Effective immediately.

Actions 
DateChamber Action
  2/6/2025SenateFiled with Secretary by Sen. David Koehler
  2/6/2025SenateFirst Reading
  2/6/2025SenateReferred to Assignments
  2/21/2025SenateAdded as Co-Sponsor Sen. Neil Anderson
  3/5/2025SenateAdded as Chief Co-Sponsor Sen. Sally J. Turner
  3/12/2025SenateAssigned 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
  6/2/2025SenateRule 3-9(a) / Re-referred to Assignments

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