Illinois General Assembly - Bill Status for HB5668

Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates an income tax credit for taxpayers who open and operate a supermarket or grocery store in a food desert community designated by the Department of Commerce and Economic Opportunity. Provides that the credit shall be in an amount equal to the total amount the taxpayer is assessed in property taxes for the location at which the supermarket or grocery store is located during the full taxable year that the supermarket or grocery store is open for business to the public. Effective immediately.

Actions

Date	Chamber	Action
2/15/2024	House	Filed with the Clerk by Rep. Kevin Schmidt
2/20/2024	House	First Reading
2/20/2024	House	Referred to Rules Committee
2/22/2024	House	Added Chief Co-Sponsor Rep. John M. Cabello
3/5/2024	House	Assigned to Revenue & Finance Committee
3/8/2024	House	To Revenue-Income Tax Subcommittee
4/5/2024	House	Rule 19(a) / Re-referred to Rules Committee

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