INC TX-BROWNFIELD
- Introduced Jan 24, 2025
- In committee Jan 24, 2025
- Passed the Senate Next
- Passed the House
- To the governor
- Became law
What it does
The legislature's own summary of the bill, or its official long title.
Amends the Illinois Income Tax Act. Creates an income tax credit for developers that invest in a qualified project redeveloping a brownfield or grayfield. Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Creates an exemption for tangible personal property that is purchased by a developer who has been awarded a certificate of exemption by the Department of Commerce and Economic Opportunity and that is used to rehabilitate brownfield or grayfield property. Effective immediately.
Every action
10 steps, oldest first, as the legislature records them.
- SenateFiled with Secretary by Sen. Michael W. Halpin
- SenateFirst Reading
- CommitteeReferred to Assignments · Senate Assignments
- CommitteeAssigned to Revenue · Senate Revenue
- SenateAdded as Chief Co-Sponsor Sen. Paul Faraci
- SenateRule 2-10 Committee Deadline Established As April 11, 2025
- SenateRule 2-10 Committee Deadline Established As May 9, 2025
- SenateRule 2-10 Committee/3rd Reading Deadline Established As May 23, 2025
- SenateRule 2-10 Committee/3rd Reading Deadline Established As June 1, 2025
- CommitteeRule 3-9(a) / Re-referred to Assignments · Senate Assignments
Roll calls
No recorded votes on this bill yet.
Sponsors
The member who introduced it, joined by 1 cosponsor: 1 Democrat.
-
Michael W. HalpinD Primary sponsor · District 36
All 1 cosponsor
From Illinois's official records (www.ilga.gov), checked Nov 13, 2026. Text links go to the official versions; LegiList does not copy bill text.