SB 2084
Comment:
IFRA Position: Monitor
Short Description: INC TX-INNOVATION CREDIT
Senate Sponsors
Sen. Donald P. DeWitte
Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that a taxpayer shall be allowed an income tax credit in an amount equal to 1.3% of the qualified research expenses made by the taxpayer in Illinois. Provides that the taxpayer is not required to have obtained a research and development credit with respect to his or her federal income taxes to qualify for the Illinois research and development credit.
Last Action
|
Date |
Chamber |
Action |
|
2/9/2023 |
Senate |
Referred to Assignments |
SB 2075
Comment:
IFRA Position: Monitor
Short Description: DCEO-TAX CREDIT REPORT
Senate Sponsors
Sen. Seth Lewis and Javier L. Cervantes
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.
Last Action
|
Date |
Chamber |
Action |
|
2/21/2023 |
Senate |
Assigned to Revenue |
SB 1767
Comment:
IFRA Position: Oppose/Hot Bill
Short Description: CARGO TRANSPORTATION TAX
Senate Sponsors
Sen. Rachel Ventura
Synopsis As Introduced
Creates the Cargo Transportation Tax Act. Provides that a tax is imposed upon each retailer that transports by common carrier tangible personal property into the State from a point outside of the State. Provides that the tax is imposed at the rate of 0.5% of the retail selling price of the tangible personal property. Provides that proceeds from the tax imposed by the Act shall be deposited into the Cargo Transportation Tax Fund, a special fund created in the State treasury. Provides that moneys in the Fund shall be used by the Department of Transportation for road projects in areas of the State that receive heightened levels of traffic as a result of the transportation of tangible personal property. Effective immediately.
Last Action
|
Date |
Chamber |
Action |
|
2/21/2023 |
Senate |
Assigned to Revenue |
SB 1368
Comment:
IFRA Position: Monitor
Short Description: ISP-MOTOR CARRIER SAFETY
Senate Sponsors
Sen. Donald P. DeWitte
Synopsis As Introduced
Amends the State Finance Act. Provides that, beginning fiscal year 2024, no road fund money shall be appropriated to the Illinois State Police, except money appropriated each fiscal year to implement and fulfill the requirements of the Motor Carrier Safety Assistance Program, not to exceed the annual allocation plus 25% from the Federal Motor Carrier Safety Administration. Amends the Illinois Hazardous
Materials Transportation Act to provide that the Illinois State Police (instead of the Department of
Transportation) shall administer the Act. Amends the Illinois Motor Carrier Safety Law of the Illinois Vehicle Code. Provides that the Illinois State Police (instead of the Department of Transportation in conjunction with the Illinois State Police) shall administer the Law. Effective July 1, 2023.
Last Action
|
Date |
Chamber |
Action |
|
2/6/2023 |
Senate |
Referred to Assignments |
SB 159
Comment:
IFRA position: Oppose/Hot Bill
Short Description: MUNI CD-MOTOR FUEL REVENUE
Senate Sponsors
Sen. Mattie Hunter
Synopsis As Introduced
Amends the Illinois Municipal Code. Provides that all municipalities (currently, only municipalities in a county with a population of over 3,000,000 inhabitants) may impose a motor fuel tax. Effective immediately.
Last Action
|
Date |
Chamber |
Action |
|
1/31/2023 |
Senate |
Referred to Assignments |