Illinois General Assembly - Bill Status for SB2833
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 Bill Status of SB2833  103rd General Assembly

Short Description:  INC TX-VOLUNTEERS

Senate Sponsors
Sen. Paul Faraci

Last Action
DateChamber Action
  3/15/2024SenateRule 3-9(a) / Re-referred to Assignments

Statutes Amended In Order of Appearance
35 ILCS 5/241 new
5 ILCS 100/5-45.55 new

Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates an income tax credit for individuals who (i) serve as a volunteer for 100 hours during the taxable year, (ii) do not receive any compensation for their services as a volunteer for the taxable year, and (iii) do not serve on a full-time or part-time career basis for the entity for which they volunteer. Provides that the Department of Revenue may award not more than $5,000,000 in credits under those provisions in any calendar year. Effective immediately.

DateChamber Action
  1/19/2024SenateFiled with Secretary by Sen. Paul Faraci
  1/19/2024SenateFirst Reading
  1/19/2024SenateReferred to Assignments
  1/31/2024SenateAssigned to Revenue
  3/15/2024SenateRule 3-9(a) / Re-referred to Assignments

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