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Amends the New Markets Development Program Act. Provides that a credit under the Act may be transferred to an affiliate. Provides that the cap on credits is $37,000,000 for fiscal years beginning on or after July 1, 2029. Makes changes concerning the allocation schedule. Effective immediately.
Introduced
Jan 29, 2026
Last Action
Mar 13, 2026
Session
IL 104th
Sponsors
1 primary · 4 co
Rule 2-10 Committee Deadline Established As April 24, 2026
Added as Co-Sponsor Sen. Javier L. Cervantes
Added as Co-Sponsor Sen. Donald P. DeWitte
Added as Co-Sponsor Sen. John F. Curran
Added as Co-Sponsor Sen. David Koehler
Assigned to Revenue
First Reading
Referred to Assignments
Filed with Secretary by Sen. Christopher Belt
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Rule 2-10 Committee Deadline Established As April 24, 2026
John F. Curran
David Koehler
Donald P. DeWitte
Javier L. Cervantes