HB1202 - 104th General Assembly

INC TX-RECYCLING CREDIT
Last Action
3/21/2025 - House: Rule 19(a) / Re-referred to Rules Committee
House Sponsors
Rep. Dave Severin
Statutes Amended In Order of Appearance
35 ILCS 5/246 new
Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates a credit for individual taxpayers in an amount equal to 100% of the eligible recycling costs incurred by the taxpayer during the taxable year, not to exceed $1,000 per taxpayer. Provides that "eligible recycling costs" means costs associated with the collection, separation, conversion, or treatment of recyclable solid waste materials, including, but not limited to, paper, glass, and plastic.
Actions
Date Chamber Action
1/09/2025 House Filed with the Clerk by Rep. Dave Severin
1/09/2025 House First Reading
1/09/2025 House Referred to Rules Committee
2/11/2025 House Assigned to Revenue & Finance Committee
2/25/2025 House To Income Tax Subcommittee
3/21/2025 House Rule 19(a) / Re-referred to Rules Committee