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SB 3692 Illinois Senate · 104th Regular Session

EDGE-AMOUNT OF CREDIT

Summary
Amends the Economic Development for a Growing Economy Tax Credit Act. Provides that the credit against withholding that is awarded to taxpayers who are primarily engaged in the recycling and melting of steel products and in the manufacturing of new steel wire and rod products shall be 100% of the amount of withholding.
Issues: ✓ Budget & TaxesSupports Budget & TaxesIncreases tax credit to 100% for steel recycling/manufacturing businesses, providing direct tax relief under economic development program.95% confidence ✓ EnvironmentSupports EnvironmentProvides tax credit for steel recycling and manufacturing, a recognized environmental conservation practice that conserves resources and reduces pollution.80% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2026
Committee Review
Floor Vote
Governor
Introduced Feb 5, 2026 Last action May 22, 2026
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
12
Key actions
2
Committee
7
Amendments
1
May 22, 2026
Committee
Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
upper
May 22, 2026
Committee
Rule 3-9(a) / Re-referred to Assignments
upper
Apr 14, 2026
Upper · Passed
Senate Committee Amendment No. 1 Assignments Refers to Revenue
upper
Mar 27, 2026
Committee
Senate Committee Amendment No. 1 Referred to Assignments
upper
Mar 27, 2026
Introduced
Senate Committee Amendment No. 1 Filed with Secretary by Sen. David Koehler
upper
Mar 13, 2026
Upper · Passed
Rule 2-10 Committee Deadline Established As April 24, 2026
upper
Feb 17, 2026
Committee
Assigned to Revenue
upper
Feb 5, 2026
Committee
Referred to Assignments
upper
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Dave Koehler
Dave Koehler
DDemocratic
IL
46