2025-2026 Regular Session • Illinois Legislature
SB1271: DCEO-TAX CREDIT REPORT
Legislative Summary
Amends Illinois Income Tax Act. Creates a legacy tax credit for businesses that are headquartered in the State. Creates an employee tax credit and a collective bargaining employee tax credit. Effective immediately.
Demographic Impact
Overall analysis of equity impact
60% Positive
Medium ConfidenceView detailed demographic breakdown ↓Unlock Full Demographic Insights
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Bill History
1/28/2025
Filed with Secretary by Sen. Seth Lewis
Senate
1/28/2025
First Reading
Senate
1/28/2025
Referred to Assignments
Senate
5/30/2025
Added as Co-Sponsor Sen. Chris Balkema
Senate
Status Information
Current Status
Introduced(1/28/2025)
Chamber
Senate
Committee
Assignments(Senate)
