Bill Status of HB 5668   103rd General Assembly


Short Description:  INC TX-FOOD DESERT

House Sponsors
Rep. Kevin Schmidt-John M. Cabello

Last Action  View All Actions

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 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 
DateChamber Action
  2/15/2024HouseFiled with the Clerk by Rep. Kevin Schmidt
  2/20/2024HouseFirst Reading
  2/20/2024HouseReferred to Rules Committee
  2/22/2024HouseAdded Chief Co-Sponsor Rep. John M. Cabello
  3/5/2024HouseAssigned to Revenue & Finance Committee
  3/8/2024HouseTo Revenue-Income Tax Subcommittee
  4/5/2024HouseRule 19(a) / Re-referred to Rules Committee

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