Illinois General Assembly - Bill Status for HB5412
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 Bill Status of HB5412  103rd General Assembly


Short Description:  REV AND MICRO-REPORTS

House Sponsors
Rep. Joe C. Sosnowski

Senate Sponsors
(Sen. Steve Stadelman)

Hearings
Revenue Hearing May 1 2024 4:30PM Capitol 400 Springfield, IL


Last Action
DateChamber Action
  4/24/2024SenateAssigned to Revenue

Statutes Amended In Order of Appearance
20 ILCS 686/30
35 ILCS 45/110-30
35 ILCS 120/5m
35 ILCS 120/5n


Synopsis As Introduced
Amends the Reimagining Energy and Vehicles in Illinois Act and the Manufacturing Illinois Chips for Real Opportunity (MICRO) Act. Provides that failure to report certain data may result in ineligibility to receive incentives and may result in revocation of building materials exemption certificates issued to the taxpayer. Amends the Retailers' Occupation Tax Act. In provisions concerning the building materials exemption for REV Illinois projects and microchip and semiconductor manufacturing, provides that the retailer must obtain a certification from the purchaser that contains certain specified information. Effective immediately.

Actions 
DateChamber Action
  2/9/2024HouseFiled with the Clerk by Rep. Joe C. Sosnowski
  2/9/2024HouseFirst Reading
  2/9/2024HouseReferred to Rules Committee
  3/12/2024HouseAssigned to Revenue & Finance Committee
  3/12/2024HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Joe C. Sosnowski
  3/12/2024HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  3/13/2024HouseHouse Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
  4/4/2024HouseDo Pass / Short Debate Revenue & Finance Committee; 017-000-000
  4/4/2024HouseHouse Committee Amendment No. 1 Tabled
  4/4/2024HousePlaced on Calendar 2nd Reading - Short Debate
  4/11/2024HouseSecond Reading - Short Debate
  4/11/2024HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/17/2024HouseThird Reading - Short Debate - Passed 113-000-000
  4/18/2024SenateArrive in Senate
  4/18/2024SenatePlaced on Calendar Order of First Reading
  4/18/2024SenateChief Senate Sponsor Sen. Steve Stadelman
  4/18/2024SenateFirst Reading
  4/18/2024SenateReferred to Assignments
  4/24/2024SenateAssigned to Revenue

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