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IL SB3796

Bill

Official Source

Status

Introduced

2/5/2026

Primary Sponsor

Lakesia Collins

Click for details

Origin

Senate

104th General Assembly

AI Summary

  • Eliminates tax credits for high impact businesses and construction jobs credits under the Illinois Income Tax Act, effective upon the bill's passage
  • Modifies the business interest deduction rules under the Illinois Income Tax Act
  • Creates a new addition modification requiring taxpayers to add back the federal deduction for domestic research or experimental expenditures
  • Amends the Use Tax Act, Service Use Tax Act, Service Occupation Tax Act, and Retailers' Occupation Tax Act regarding incentives for biodiesel, renewable diesel, and biodiesel blends
  • Amends the Enterprise Zone Act to specify that certain high impact business credits no longer apply after the effective date

Legislative Description

REVENUE-CREDITS-DEDUCTIONS

Last Action

Added as Co-Sponsor Sen. Mattie Hunter

3/10/2026

Committee Referrals

Assignments2/5/2026

Full Bill Text

No bill text available