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HB5125 - 104th General Assembly
REVENUE-CREDITS-DEDUCTIONS
Last Action
Hearings
Revenue & Finance Committee Hearing Mar 19 2026 8:00AM Stratton Building Room D-1 Springfield, ILStatutes Amended In Order of Appearance
20 ILCS 655/5.5from Ch. 67 1/2, par. 609.1
35 ILCS 5/203from Ch. 120, par. 2-203
35 ILCS 105/3-10from Ch. 120, par. 439.33-10
35 ILCS 105/3-50from Ch. 120, par. 439.3-50
35 ILCS 110/2from Ch. 120, par. 439.32
35 ILCS 115/2from Ch. 120, par. 439.102
35 ILCS 120/2-10from Ch. 120, par. 441-10
35 ILCS 120/2-45from Ch. 120, par. 441-45
Synopsis As Introduced
Amends the Enterprise Zone Act. Provides that certain credits related to high impact businesses do not apply on or after the effective date of the amendatory Act. Amends the Illinois Income Tax Act. Provides that a construction jobs credit does not apply for taxable years ending on or after the effective date of the amendatory Act. Provides that a high impact business construction jobs credit does not apply for taxable years ending on or after the effective date of the amendatory Act. Makes changes concerning the business interest deduction. Creates an addition modification for the federal deduction for domestic research or experimental expenditures. Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Makes changes concerning incentives for biodiesel, renewable diesel, and biodiesel blends. Makes other changes.
Actions
| Date | Chamber | Action |
|---|---|---|
| 2/05/2026 | House | Filed with the Clerk by Rep. Lindsey LaPointe |
| 2/10/2026 | House | First Reading |
| 2/10/2026 | House | Referred to Rules Committee |
| 2/20/2026 | House | Added Co-Sponsor Rep. Rita Mayfield |
| 3/04/2026 | House | Assigned to Revenue & Finance Committee |