Budget & Taxes (Tax Credits)

in committee · Illinois · House Mar 21, 2025

HB 1424: FILM TAX CREDIT-WOMEN IN STEM

Amends the Film Production Services Tax Credit Act of 2008. Provides that the credit under the Act shall include an additional amount equal to 30% of the Illinois labor expenditures generated as a result of work performed in Illinois by an actor who portrays, in the production, a woman working in a STEM-related field.

Topics ✗ Budget & TaxesOpposes Budget & TaxesAdds 30% tax credit for film labor expenditures, reducing state revenue through expanded tax break (not funding public services or closing loopholes).85% confidence

Sub-Topics Tax Credits

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in committee · Illinois · House Mar 21, 2025

HB 3615: INC TX-COMMUTER CREDIT

Amends the Illinois Income Tax Act. Creates an income tax credit and a credit against insurance premium taxes for business entities for the cost of providing certain commuter benefits to employees. Provides that the credit shall be equal to 50% of the cost of providing the eligible commuter benefits, but not to exceed $100 per individual employee per month. Effective immediately.

Topics ✗ Budget & TaxesOpposes Budget & TaxesCreates tax credit reducing state revenue, weakening tax base per bill's tax credit provision.90% confidence ✓ Labor & EmploymentSupports Labor & EmploymentTax credit incentivizes employers to provide commuter benefits, expanding employee compensation options without direct government funding.85% confidence

Sub-Topics Income Tax Tax Credits

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in committee · Illinois · Senate May 30, 2025

SB 1271: DCEO-TAX CREDIT REPORT

Amends 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.

Topics ✗ Budget & TaxesOpposes Budget & TaxesCreates business and employee tax credits, reducing state tax revenue and weakening tax base per bill's tax credit provisions.92% confidence ✓ Labor & EmploymentSupports Labor & EmploymentCreates collective bargaining employee tax credit, incentivizing business support for union activities, directly advancing labor rights protections.90% confidence

Sub-Topics Tax Credits Collective Bargaining

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