SB1178 - 104th General Assembly (2025-2026)
INC TX-BROWNFIELD
Last Action
6/02/2025 - Senate: Rule 3-9(a) / Re-referred to Assignments
Statutes Amended In Order of Appearance
Synopsis As Introduced
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.
Actions
| Date | Chamber | Action |
|---|---|---|
| 1/24/2025 | Senate | Filed with Secretary by Sen. Michael W. Halpin |
| 1/24/2025 | Senate | First Reading |
| 1/24/2025 | Senate | Referred to Assignments |
| 2/04/2025 | Senate | Assigned to Revenue |
| 2/26/2025 | Senate | Added as Chief Co-Sponsor Sen. Paul Faraci |
| 3/21/2025 | Senate | Rule 2-10 Committee Deadline Established As April 11, 2025 |
| 4/11/2025 | Senate | Rule 2-10 Committee Deadline Established As May 9, 2025 |
| 5/09/2025 | Senate | Rule 2-10 Committee/3rd Reading Deadline Established As May 23, 2025 |
| 5/23/2025 | Senate | Rule 2-10 Committee/3rd Reading Deadline Established As June 1, 2025 |
| 6/02/2025 | Senate | Rule 3-9(a) / Re-referred to Assignments |