IllinoisSB0121104th General Assembly (2025–2026)Senate

REVENUE-COMMUNITY DEVELOP

Sponsored By: Willie Preston (Democratic)

In Committee

Summary

Creates the Community Revitalization Zone Act. Provides that a county or municipality may designate an area within its jurisdiction as a community redevelopment zone, subject to the certification of the Department of Commerce and Economic Opportunity. Sets forth the criteria for designation as a community redevelopment zone. Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides that, with respect to tangible personal property that is purchased from a retailer located in a community revitalization zone, the taxes under those Acts are imposed at the rate of 3.25%. Effective immediately.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Willie Preston

    Democratic • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Referred to Assignments

    1/17/2025Senate
  2. First Reading

    1/17/2025Senate
  3. Filed with Secretary by Sen. Willie Preston

    1/17/2025Senate

Bill Text

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