Bill Status of HB2811  104th General Assembly

Short Description:  EDGE WITHHOLDING-STEEL

House Sponsors
Rep. Sharon Chung - Jehan Gordon-Booth, Travis Weaver and Ryan Spain

Last Action
DateChamber Action
  3/21/2025HouseRule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance
35 ILCS 10/5-15


Synopsis As Introduced
Amends the Economic Development for a Growing Economy Tax Credit Act. Provides that certain taxpayers that are primarily engaged in the recycling and melting of steel products and in the manufacturing of new steel wire and rod products may elect to claim the credit under the Act against their withholding tax liability instead of their income tax liability. Effective immediately.

Actions 
DateChamber Action
  2/5/2025HouseFiled with the Clerk by Rep. Sharon Chung
  2/6/2025HouseFirst Reading
  2/6/2025HouseReferred to Rules Committee
  2/14/2025HouseAdded Co-Sponsor Rep. Travis Weaver
  2/18/2025HouseFirst reading {Corrected}
  2/20/2025HouseAdded Co-Sponsor Rep. Ryan Spain
  3/4/2025HouseAssigned to Revenue & Finance Committee
  3/6/2025HouseTo Tax Policy: Other Taxes Subcommittee
  3/13/2025HouseAdded Chief Co-Sponsor Rep. Jehan Gordon-Booth
  3/21/2025HouseRule 19(a) / Re-referred to Rules Committee