<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for SB 141          </title>
<shortdesc>INC TX-RECYCLING PROGRAMS</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Jil Tracy</sponsors>
</sponsor>
<lastaction>
<statusdate>1/7/2025</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/234 new</reference><aliasreference></aliasreference><SynopsisText>Amends the Illinois Income Tax Act. Creates an income tax credit for taxpayers who make an investment in depreciable property used primarily to collect or process reclaimable material or to manufacture products from reclaimed material. Sets forth the amount of the credit. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>1/24/2023</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Jil Tracy</action>
<statusdate>1/24/2023</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>1/24/2023</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>1/31/2023</statusdate><chamber>Senate</chamber><action>Assigned to Revenue</action>
<statusdate>3/10/2023</statusdate><chamber>Senate</chamber><action>Rule 3-9(a) / Re-referred to Assignments</action>
<statusdate>1/7/2025</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

