Creates the Interactive Digital Media Tax Credit Act. Entitles interactive digital media companies that meet certain requirements to an income tax credit. Sets forth the amount of the credit. Authorizes taxpayers to take the credit beginning in the taxable year in which the company has met the investment requirement. Provides for the transfer of credits. Amends the Illinois Income Tax Act to make conforming changes. Effective immediately.
Appropriates $26,282,000 from the Education Assistance Fund to the Illinois Mathematics and Science Academy to meet its ordinary and contingent expenses for the fiscal year ending June 30, 2026. Appropriates $5,925,000 from the IMSA Income Fund to the Illinois Mathematics and Science Academy to meet its ordinary and contingent expenses for the fiscal year ending June 30, 2026. Effective July 1, 2025.
Amends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to 10% of the manufacturing capital expenditures incurred by the taxpayer during the taxable year or, if the taxpayer is located in a rural or economically challenged area, 15% of the manufacturing capital expenditures. Provides that the total amount of credits awarded under those provisions may not exceed $10,000,000 for any particular taxpayer in any taxable year, except that, if the capital investment is made in a rural or economically challenged area, then the maximum amount of the credit shall be $20,000,000. Effective immediately.
Appropriates $250,000 from the General Revenue Fund to the Chicago & Cook County Building & Construction Trades Council to support the Tradeswomen Build Nations 2025 conference. Effective July 1, 2025.
Amends the Motor Fuel Tax Law. Provides that, on and after July 1, 2025, marine fuel is exempt from the tax imposed under the Act. Provides that "marine fuel" means motor fuel specially formulated to be used in the propulsion of watercraft. Effective immediately.
Appropriates $20,000,000 to the Department of Natural Resources for a grant to Museums in the Park for operational expenses and infrastructure improvements. Effective immediately.
HB 107 appropriates $2 from the General Revenue Fund to the Department of Labor. This funding is designated for the department's ordinary and contingent expenses for Fiscal Year 2026 and will become effective on July 1, 2025.
Appropriates $2 from the General Revenue Fund to the Department of Juvenile Justice for its FY26 ordinary and contingent expenses. Effective July 1, 2025.
Amends the Illinois Income Tax Act. Removes a provision providing that the aggregate amount of credits awarded under a provision granting a credit to volunteer emergency workers may not exceed $5,000,000 in any calendar year. Effective immediately.
Makes appropriations for the ordinary and contingent expenses of the Department of Juvenile Justice for the fiscal year beginning July 1, 2025, as follows: General Funds $153,851,600; Other State Funds $13,000,000; Total $166,851,600.
