Illinois General Assembly - Bill Status for SB1271
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 Bill Status of SB1271  104th General Assembly


Short Description:  DCEO-TAX CREDIT REPORT

Senate Sponsors
Sen. Seth Lewis

Last Action
DateChamber Action
  1/28/2025SenateReferred to Assignments

Statutes Amended In Order of Appearance
35 ILCS 5/246 new
35 ILCS 5/247 new
35 ILCS 5/248 new


Synopsis As Introduced
Amends Illinois Income Tax Act. Creates a legacy tax credit for businesses that are headquartered in the State. Creates an employee tax credit and a collective bargaining employee tax credit. Effective immediately.

Actions 
DateChamber Action
  1/28/2025SenateFiled with Secretary by Sen. Seth Lewis
  1/28/2025SenateFirst Reading
  1/28/2025SenateReferred to Assignments

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