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SB 3796

Illinois - Session 104

Senate in_committee 2026-02-05
Bill Details

Title: REVENUE-CREDITS-DEDUCTIONS

Summary

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.

Sponsor
Lakesia Collins
Official Source Back to Bills
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Actions Timeline
Date Event Detail
2026-02-05 Introduced Bill introduced
2026-02-05 Status in_committee
2026-02-05 Latest Action 2/05/2026 - Senate:
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