Bill Status of SB 3576   103rd General Assembly

Short Description:  INC TX-DOWNTOWN CREDIT

Senate Sponsors
Sen. Mattie Hunter

Last Action  View All Actions

DateChamber Action
  1/7/2025SenateSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/241 new

Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates a credit in an amount equal to 20% of the qualified conversion expenditures incurred by a taxpayer for a qualified converted building. Effective immediately.

Actions 
DateChamber Action
  2/9/2024SenateFiled with Secretary by Sen. Mattie Hunter
  2/9/2024SenateFirst Reading
  2/9/2024SenateReferred to Assignments
  2/20/2024SenateAssigned to Revenue
  3/15/2024SenateRule 3-9(a) / Re-referred to Assignments
  1/7/2025SenateSession Sine Die

Back To Top