DCEO-TAX CREDIT REPORT Senate SponsorsSen. Seth Lewis, Darby A. Hills and Chris Balkema 2/24/2026SenateAssigned to Revenue 35 ILCS 5/246 new35 ILCS 5/247 new35 ILCS 5/248 newAmends 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. 2/5/2026SenateFiled with Secretary by Sen. Seth Lewis 2/5/2026SenateFirst Reading 2/5/2026SenateReferred to Assignments 2/24/2026SenateAssigned to Revenue 3/13/2026SenateRule 2-10 Committee Deadline Established As April 24, 2026 3/31/2026SenateAdded as Co-Sponsor Sen. Darby A. Hills 3/31/2026SenateAdded as Co-Sponsor Sen. Chris Balkema