SB 1877 Illinois Senate · 104th Regular Session

EDGE WITHHOLDING-STEEL

Summary
Amends the Economic Development for a Growing Economy Tax Credit Act. Provides that certain taxpayers that are primarily engaged in the recycling and melting of steel products and in the manufacturing of new steel wire and rod products may elect to claim the credit under the Act against their withholding tax liability instead of their income tax liability. Effective immediately.
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 6, 2025 Last action Jun 2, 2025
Floor votes

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Full legislative history

Actions timeline

Total actions
11
Key actions
2
Committee
5
Jun 2, 2025
Committee
Rule 3-9(a) / Re-referred to Assignments
upper
Apr 11, 2025
Upper · Passed
Rule 2-10 Committee Deadline Established As May 9, 2025
upper
Mar 21, 2025
Upper · Passed
Rule 2-10 Committee Deadline Established As April 11, 2025
upper
Mar 12, 2025
Committee
Assigned to Revenue
upper
Feb 6, 2025
Committee
Referred to Assignments
upper
1 primary · 2 co-sponsors

Sponsors