Illinois General Assembly - Bill Status for SB0318

Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to the amount paid by the taxpayer during the taxable year for the purpose of purchasing materials, labor, and professional services to soundproof a residential home located at an eligible address against aircraft noise generated by an airport governed by the provisions of the Permanent Noise Monitoring Act. Provides that the credit may not reduce the taxpayer's liability to less than zero. Provides that the credit may be carried forward. Provides that the credit is exempt from the Act's automatic sunset provisions. Effective immediately.

Actions

Date	Chamber	Action
2/2/2023	Senate	Filed with Secretary by Sen. Laura M. Murphy
2/2/2023	Senate	First Reading
2/2/2023	Senate	Referred to Assignments
2/7/2023	Senate	Assigned to Revenue
3/10/2023	Senate	Rule 3-9(a) / Re-referred to Assignments
1/10/2024	Senate	Re-assigned to Revenue
3/15/2024	Senate	Rule 3-9(a) / Re-referred to Assignments

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