INC TX-BROWNFIELD Senate SponsorsSen. Michael W. Halpin-Paul Faraci 6/2/2025SenateRule 3-9(a) / Re-referred to Assignments 35 ILCS 5/246 new35 ILCS 105/3-535 ILCS 110/3-535 ILCS 115/3-535 ILCS 120/2-5Amends 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. 1/24/2025SenateFiled with Secretary by Sen. Michael W. Halpin 1/24/2025SenateFirst Reading 1/24/2025SenateReferred to Assignments 2/4/2025SenateAssigned to Revenue 2/26/2025SenateAdded as Chief Co-Sponsor Sen. Paul Faraci 3/21/2025SenateRule 2-10 Committee Deadline Established As April 11, 2025 4/11/2025SenateRule 2-10 Committee Deadline Established As May 9, 2025 5/9/2025SenateRule 2-10 Committee/3rd Reading Deadline Established As May 23, 2025 5/23/2025SenateRule 2-10 Committee/3rd Reading Deadline Established As June 1, 2025 6/2/2025SenateRule 3-9(a) / Re-referred to Assignments