Bill Status of SB 2458   104th General Assembly

Short Description:  DCEO-QUANTUM INFORMATION

Senate Sponsors
Sen. Mark L. Walker 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
20 ILCS 605/605-1118 new
35 ILCS 5/246 new

Synopsis As Introduced
Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Provides that the Department of Commerce and Economic Opportunity shall award income tax credits in an amount equal to 13% of the qualifying quantum information science expenditures made by the taxpayer during the taxable year. Amends the Illinois Income Tax Act to make conforming changes. Effective immediately.

Actions 
DateChamber Action
  2/7/2025SenateFiled with Secretary by Sen. Mark L. Walker
  2/7/2025SenateFirst Reading
  2/7/2025SenateReferred to Assignments
  3/4/2025SenateAssigned to Revenue
  3/20/2025SenateAdded as Co-Sponsor Sen. Chris Balkema
  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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