Bill Status of SB 2202   102nd General Assembly

Short Description:  INC TAX-MANUFACTURED HOME CRED

Senate Sponsors
Sen. Elgie R. Sims, Jr.

Last Action  View All Actions

DateChamber Action
  1/10/2023SenateSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/232 new

Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates an income tax credit for a taxpayer who purchases a manufactured home during the taxable year if: (i) the purchase is the first purchase of the manufactured home for use as a dwelling; and (ii) the taxpayer certifies that, within 30 days after the retail sale, the manufactured home will be affixed to a permanent foundation in the State so that the manufactured home is deemed to be real property. Provides that the credit shall be 50% of the purchase price of the manufactured home. Effective immediately.

Actions 
DateChamber Action
  2/26/2021SenateFiled with Secretary by Sen. Elgie R. Sims, Jr.
  2/26/2021SenateFirst Reading
  2/26/2021SenateReferred to Assignments
  3/16/2021SenateAssigned to Revenue
  4/8/2021SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Elgie R. Sims, Jr.
  4/8/2021SenateSenate Committee Amendment No. 1 Referred to Assignments
  4/13/2021SenateSenate Committee Amendment No. 1 Assignments Refers to Revenue
  4/16/2021SenateRule 3-9(a) / Re-referred to Assignments
  4/16/2021SenateSenate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
  1/10/2023SenateSession Sine Die

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