IllinoisSB1877104th General Assembly (2025–2026)Senate

EDGE WITHHOLDING-STEEL

Sponsored By: David Koehler (Democratic)

In Committee

Summary

Amends the Economic Development for a Growing Economy Tax Credit Act. Provides that certain taxpayers that are primarily engaged in the recycling and melting of steel products and in the manufacturing of new steel wire and rod products may elect to claim the credit under the Act against their withholding tax liability instead of their income tax liability. Effective immediately.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • David Koehler

    Democratic • Senate

Cosponsors

  • Neil Anderson

    Republican • Senate

  • Sally J. Turner

    Republican • Senate

Roll Call Votes

No roll call votes available for this bill.

Bill Text

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