IllinoisSB1178104th General Assembly (2025–2026)Senate

INC TX-BROWNFIELD

Sponsored By: Michael W. Halpin (Democratic)

In Committee

Summary

Amends 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.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Michael W. Halpin

    Democratic • Senate

Cosponsors

  • Paul Faraci

    Democratic • Senate

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Rule 3-9(a) / Re-referred to Assignments

    6/2/2025Senate
  2. Rule 2-10 Committee/3rd Reading Deadline Established As June 1, 2025

    5/23/2025Senate
  3. Rule 2-10 Committee/3rd Reading Deadline Established As May 23, 2025

    5/9/2025Senate
  4. Rule 2-10 Committee Deadline Established As May 9, 2025

    4/11/2025Senate
  5. Rule 2-10 Committee Deadline Established As April 11, 2025

    3/21/2025Senate
  6. Added as Chief Co-Sponsor Sen. Paul Faraci

    2/26/2025Senate
  7. Assigned to Revenue

    2/4/2025Senate
  8. Referred to Assignments

    1/24/2025Senate
  9. First Reading

    1/24/2025Senate
  10. Filed with Secretary by Sen. Michael W. Halpin

    1/24/2025Senate

Bill Text

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