Bill Status of SB1271

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SB1271 - 104th General Assembly

DCEO-TAX CREDIT REPORT
Last Action
1/28/2025 - Senate: Referred to Assignments
Senate Sponsors
Sen. Seth Lewis and Chris Balkema
Statutes Amended In Order of Appearance
35 ILCS 5/246 new
35 ILCS 5/247 new
35 ILCS 5/248 new
Synopsis As Introduced
Amends Illinois Income Tax Act. Creates a legacy tax credit for businesses that are headquartered in the State. Creates an employee tax credit and a collective bargaining employee tax credit. Effective immediately.
Actions
Date Chamber Action
1/28/2025 Senate Filed with Secretary by Sen. Seth Lewis
1/28/2025 Senate First Reading
1/28/2025 Senate Referred to Assignments
5/30/2025 Senate Added as Co-Sponsor Sen. Chris Balkema