Bill Status of HB4370  103rd General Assembly

Short Description:  INC TX-RECYCLING CREDIT

House Sponsors
Rep. Dave Severin and Kevin Schmidt

Last Action
DateChamber Action
  4/5/2024HouseRule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance
35 ILCS 5/241 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 
DateChamber Action
  1/8/2024HouseFiled with the Clerk by Rep. Dave Severin
  1/16/2024HouseFirst Reading
  1/16/2024HouseReferred to Rules Committee
  2/2/2024HouseAdded Co-Sponsor Rep. Kevin Schmidt
  2/28/2024HouseAssigned to Revenue & Finance Committee
  3/8/2024HouseTo Revenue-Income Tax Subcommittee
  4/5/2024HouseRule 19(a) / Re-referred to Rules Committee