IllinoisSB3539104th General Assembly (2025–2026)Senate

INC TAX-MANUFACTURING

Sponsored By: Chapin Rose (Republican)

In Committee

Summary

Amends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to 10% of the manufacturing capital expenditures incurred by the taxpayer during the taxable year or, if the taxpayer is located in a rural or economically challenged area, 15% of those expenditures. Provides that the total amount of credits awarded under these provisions may not exceed $10,000,000 for any particular taxpayer in any taxable year, except that, if the capital investment is made in a rural or economically challenged area, then the maximum amount awarded for any particular taxpayer in any taxable year shall be $20,000,000. Effective immediately.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Chapin Rose

    Republican • Senate

Cosponsors

  • Chris Balkema

    Republican • Senate

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Added as Co-Sponsor Sen. Chris Balkema

    10/15/2026Senate
  2. Rule 3-9(a) / Re-referred to Assignments

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

    5/15/2026Senate
  4. Rule 2-10 Committee/3rd Reading Deadline Established As May 15, 2026

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

    3/13/2026Senate
  6. Assigned to Revenue

    2/17/2026Senate
  7. Referred to Assignments

    2/5/2026Senate
  8. First Reading

    2/5/2026Senate
  9. Filed with Secretary by Sen. Chapin Rose

    2/5/2026Senate

Bill Text

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