This Week at the Capitol
Members of the General Assembly returned to Springfield Wednesday, for an abbreviated work week following the primary elections. Action on tax bills was light. The legislature returns next week for a full session week, which is the final week for bills to pass out of their house of origin. The legislature then adjourns for a two week spring break.
Several tax-related bills of interest have already moved out of their respective Revenue Committee and on to the House or Senate floor.
On second reading in the Senate, SB 3253--an Illinois Chamber bill sponsored by Sen. Frerichs (D-Champaign) that would extend the life of Illinois enterprise zones by an additional 20 years.
Also in second reading is SB 3526, a bill to define a “transportation company” for income tax apportionment purposes. The Illinois Chamber is actively supporting this bill. Sponsor: Sen. Toi Hutchinson (D-Chicago).
HB 5167, which the Illinois Chamber is opposing, calls for an ammunition tax of 2% on firearms ammunition. The bill is on 3rd reading in the House and is sponsored by Rep. Cassidy (D-Chicago).