Bill Status of SB 2476   104th General Assembly

Short Description:  INC TX-DOWNTOWN CREDIT

Senate Sponsors
Sen. Mattie Hunter

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 5/246 new

Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates a credit in an amount equal to 20% of the qualified conversion expenditures incurred by a taxpayer for a qualified converted building. Effective immediately.

Actions 
DateChamber Action
  2/7/2025SenateFiled with Secretary by Sen. Mattie Hunter
  2/7/2025SenateFirst Reading
  2/7/2025SenateReferred to Assignments
  3/4/2025SenateAssigned 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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