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SB3539 - 104th General Assembly
INC TAX-MANUFACTURING
Last Action
Statutes Amended In Order of Appearance
35 ILCS 5/235 new
Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to 10% of the manufacturing capital expenditures incurred by the taxpayer during the taxable year or, if the taxpayer is located in a rural or economically challenged area, 15% of those expenditures. Provides that the total amount of credits awarded under these provisions may not exceed $10,000,000 for any particular taxpayer in any taxable year, except that, if the capital investment is made in a rural or economically challenged area, then the maximum amount awarded for any particular taxpayer in any taxable year shall be $20,000,000. Effective immediately.
Actions
| Date | Chamber | Action |
|---|---|---|
| 2/05/2026 | Senate | Filed with Secretary by Sen. Chapin Rose |
| 2/05/2026 | Senate | First Reading |
| 2/05/2026 | Senate | Referred to Assignments |
| 2/17/2026 | Senate | Assigned to Revenue |
| 3/13/2026 | Senate | Rule 2-10 Committee Deadline Established As April 24, 2026 |
| 4/24/2026 | Senate | Rule 2-10 Committee/3rd Reading Deadline Established As May 15, 2026 |