IllinoisSB3067104th General Assembly (2025–2026)Senate

NEW MARKETS-CREDITS

Sponsored By: Christopher Belt (Democratic)

In Committee

Summary

Amends the New Markets Development Program Act. Provides that a credit under the Act may be transferred to an affiliate. Provides that the cap on credits is $37,000,000 for fiscal years beginning on or after July 1, 2029. Makes changes concerning the allocation schedule. Effective immediately.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Christopher Belt

    Democratic • Senate

Cosponsors

  • Chris Balkema

    Republican • Senate

  • David Koehler

    Democratic • Senate

  • Donald P. DeWitte

    Republican • Senate

  • Javier L. Cervantes

    Democratic • Senate

  • John F. Curran

    Republican • Senate

  • Lakesia Collins

    Democratic • Senate

  • Laura M. Murphy

    Democratic • Senate

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

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

    5/22/2026Senate
  2. Rule 2-10 Committee/3rd Reading Deadline Established As May 22, 2026

    5/15/2026Senate
  3. Added as Co-Sponsor Sen. Lakesia Collins

    5/13/2026Senate
  4. Added as Co-Sponsor Sen. Chris Balkema

    5/1/2026Senate
  5. Added as Co-Sponsor Sen. Laura M. Murphy

    4/28/2026Senate
  6. Rule 2-10 Committee/3rd Reading Deadline Established As May 15, 2026

    4/24/2026Senate
  7. Rule 2-10 Committee Deadline Established As April 24, 2026

    3/13/2026Senate
  8. Added as Co-Sponsor Sen. Javier L. Cervantes

    3/10/2026Senate
  9. Added as Co-Sponsor Sen. Donald P. DeWitte

    2/26/2026Senate
  10. Added as Co-Sponsor Sen. David Koehler

    2/25/2026Senate
  11. Added as Co-Sponsor Sen. John F. Curran

    2/25/2026Senate
  12. Assigned to Revenue

    2/10/2026Senate
  13. Referred to Assignments

    1/29/2026Senate
  14. First Reading

    1/29/2026Senate
  15. Filed with Secretary by Sen. Christopher Belt

    1/29/2026Senate

Bill Text

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