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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.
Introduced
Jan 28, 2025
Last Action
May 30, 2025
Session
IL 104th
Sponsors
1 primary · 1 co
Added as Co-Sponsor Sen. Chris Balkema
Filed with Secretary by Sen. Seth Lewis
First Reading
Referred to Assignments
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Added as Co-Sponsor Sen. Chris Balkema