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Neutral Bill Mar 16, 2026

REVENUE-CREDITS-DEDUCTIONS

Amends the Enterprise Zone Act. Provides that certain credits related to high impact businesses do not apply on or after the effective date of the amendatory Act. Amends the Illinois Income Tax Act. Provides that a construction jobs credit does not apply for taxable years ending on or after the effective date of the amendatory Act. Provides that a high impact business construction jobs credit does not apply for taxable years ending on or after the effective date of the amendatory Act. Makes changes concerning the business interest deduction. Creates an addition modification for the federal deduction for domestic research or experimental expenditures. Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Makes changes concerning incentives for biodiesel, renewable diesel, and biodiesel blends. Makes other changes.

https://legiscan.com/IL/bill/HB5125/2025
Bill data from LegiScan, used under CC BY 4.0.
Lindsey LaPointe State Representative Lakesia Collins State Senator Rachel Ventura State Senator Cosponsor Javier Cervantes State Senator Cosponsor Karina Villa State Senator Cosponsor Mark Walker State Senator Cosponsor Mattie Hunter State Senator Cosponsor Willie Preston State Senator Cosponsor Emil Jones State Senator Cosponsor Mike Simmons-Gessesse State Senator Cosponsor Dave Koehler State Senator Cosponsor
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