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Amends the Enterprise Zone Act. Provides that certain credits related to high impact businesses do not apply on or after the effective date of the amendatory Act. Amends the Illinois Income Tax Act. Provides that a construction jobs credit does not apply for taxable years ending on or after the effective date of the amendatory Act. Provides that a high impact business construction jobs credit does not apply for taxable years ending on or after the effective date of the amendatory Act. Makes changes concerning the business interest deduction. Creates an addition modification for the federal deduction for domestic research or experimental expenditures. Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Makes changes concerning incentives for biodiesel, renewable diesel, and biodiesel blends. Makes other changes.
Introduced
Feb 10, 2026
Last Action
Mar 4, 2026
Session
IL 104th
Sponsors
1 primary · 1 co
Assigned to Revenue & Finance Committee
Added Co-Sponsor Rep. Rita Mayfield
First Reading
Referred to Rules Committee
Filed with the Clerk by Rep. Lindsey LaPointe
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Assigned to Revenue & Finance Committee