Illinois General Assembly - Bill Status for SB0135

Synopsis As Introduced
Amends the Economic Development for a Growing Economy Tax Credit Act. Provides that the recipient of a credit under the Act may apply for a certificate of transferability of credit from the Department of Commerce and Economic Opportunity for the amount of the credit not previously claimed. Provides that the transferability certificate may be transferred or sold by the recipient to another Illinois taxpayer. Provides that unused Economic Development for a Growing Economy tax credits may be carried forward for a period of 10 years (currently, 5 years). Makes other changes.

Actions

Date	Chamber	Action
1/17/2025	Senate	Filed with Secretary by Sen. Sally J. Turner
1/17/2025	Senate	First Reading
1/17/2025	Senate	Referred to Assignments
1/28/2025	Senate	Assigned to Revenue
3/21/2025	Senate	Rule 2-10 Committee Deadline Established As April 11, 2025

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