HB 5668

  • Illinois House Bill
  • 103rd Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Inc Tx-Food Desert

Abstract

Amends the Illinois Income Tax Act. Creates an income tax credit for taxpayers who open and operate a supermarket or grocery store in a food desert community designated by the Department of Commerce and Economic Opportunity. Provides that the credit shall be in an amount equal to the total amount the taxpayer is assessed in property taxes for the location at which the supermarket or grocery store is located during the full taxable year that the supermarket or grocery store is open for business to the public. Effective immediately.

Bill Sponsors (2)

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Actions


Apr 05, 2024

House

Rule 19(a) / Re-referred to Rules Committee

Mar 08, 2024

House

To Revenue-Income Tax Subcommittee

Mar 05, 2024

House

Assigned to Revenue & Finance Committee

Feb 22, 2024

House

Added Chief Co-Sponsor Rep. John M. Cabello

Feb 20, 2024

House

Referred to Rules Committee

House

First Reading

Feb 15, 2024

House

Filed with the Clerk by Rep. Kevin Schmidt

Bill Text

Bill Text Versions Format
Introduced HTML PDF

Related Documents

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Sources

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