HB 5125 Illinois House · 104th Regular Session

REVENUE-CREDITS-DEDUCTIONS

Summary
Amends the Enterprise Zone Act. Provides that certain credits related to high impact businesses do not apply on or after the effective date of the amendatory Act. Amends the Illinois Income Tax Act. Provides that a construction jobs credit does not apply for taxable years ending on or after the effective date of the amendatory Act. Provides that a high impact business construction jobs credit does not apply for taxable years ending on or after the effective date of the amendatory Act. Makes changes concerning the business interest deduction. Creates an addition modification for the federal deduction for domestic research or experimental expenditures. Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Makes changes concerning incentives for biodiesel, renewable diesel, and biodiesel blends. Makes other changes.
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2026
Committee Review
Floor Vote
Governor
Introduced Feb 5, 2026 Last action May 30, 2026
Floor votes

How they voted

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Full legislative history

Actions timeline

Total actions
23
Key actions
1
Committee
4
May 5, 2026
Lower · Passed
Motion Filed to Suspend Rule 21 Rules Committee; Rep. Kam Buckner
lower
Mar 27, 2026
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Mar 4, 2026
Committee
Assigned to Revenue & Finance Committee
lower
Feb 10, 2026
Committee
Referred to Rules Committee
lower
1 primary · 15 co-sponsors

Sponsors