From official state and federal legislative records. Informational only, not legal advice.
Just proposed
A lawmaker wrote this idea down and officially asked the government to consider it.
Next: a committee studies it and decides if it moves forward.
In plain words
AI summaryWritten by AI from the bill text. Check the official text before relying on it.
Amends Illinois Income Tax Act. Creates a legacy tax credit for businesses that are headquartered in the State. Creates an employee tax credit and a collective bargaining employee tax credit. Effective immediately.