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HB 2811

Illinois - Session 104

House of Representatives in_committee 2025-03-21
Bill Details

Title: EDGE WITHHOLDING-STEEL

Summary

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.

Sponsor
Sharon Chung
Official Source Back to Bills
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Actions Timeline
Date Event Detail
2025-02-06 Introduced Bill introduced
2025-03-21 Status in_committee
2025-03-21 Latest Action 3/21/2025 - House:
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