DCEO-MASTER PLAN House SponsorsRep. Jay Hoffman 4/11/2025HouseRule 19(a) / Re-referred to Rules Committee New Act35 ILCS 5/203from Ch. 120, par. 2-203 Creates the Master Development Plan Recognition Act. Provides that certain contributions made by the State or units of local government are considered made pursuant to a master development plan within the meaning of Section 118 of the Internal Revenue Code of 1986. Amends the Illinois Income Tax Act. Creates a deduction for capital contributions that are made pursuant to a master development plan and that are included in the taxpayer's federal taxable income for the taxable year under Section 118 of the Internal Revenue Code. Effective immediately. 1/28/2025HouseFiled with the Clerk by Rep. Jay Hoffman 1/28/2025HouseFirst Reading 1/28/2025HouseReferred to Rules Committee 2/25/2025HouseAssigned to Revenue & Finance Committee 3/3/2025HouseTo Tax Credit and Incentives Subcommittee 3/20/2025HouseRecommends Do Pass Subcommittee/ Revenue & Finance Committee; 004-000-000 3/20/2025HouseReported Back To Revenue & Finance Committee; 3/20/2025HouseDo Pass / Short Debate Revenue & Finance Committee; 013-007-000 3/20/2025HousePlaced on Calendar 2nd Reading - Short Debate 3/26/2025HouseSecond Reading - Short Debate 3/26/2025HouseHeld on Calendar Order of Second Reading - Short Debate 4/11/2025HouseRule 19(a) / Re-referred to Rules Committee