Illinois 104th General Assembly Status: Introduced 1 D cosponsors

SB3692      — EDGE-AMOUNT OF CREDIT

Last action — Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments

  1. 1
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill has been introduced in the Senate. Introduced February 05, 2026. It must pass committee before a floor vote.

Next likely step: a committee referral and hearing.

Prognosis

Not enough signal yet

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

Not enough signal yet to read this bill's trajectory — we surface a likelihood only once there's real movement (stage, sponsorship, committee, or votes) to point to.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

In plain language

The bill provides a full tax credit for specific steel manufacturing activities.

This bill amends the Economic Development for a Growing Economy Tax Credit Act to grant a 100% tax credit against withholding for taxpayers involved in recycling steel products and manufacturing new steel wire and rod products.

What this means for you
  • Small Business: For small businesses in the steel industry, this means potential tax savings that could support growth and operations.

Summary

Amends the Economic Development for a Growing Economy Tax Credit Act. Provides that the credit against withholding that is awarded to taxpayers who are primarily engaged in the recycling and melting of steel products and in the manufacturing of new steel wire and rod products shall be 100% of the amount of withholding.

Bill Text

We don't have the full text on file for this bill yet.

Read SB3692 on the official Illinois source →

Action History

  1. Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments

  2. Rule 3-9(a) / Re-referred to Assignments

  3. Rule 2-10 Committee/3rd Reading Deadline Established As May 22, 2026

  4. Rule 2-10 Committee/3rd Reading Deadline Established As May 15, 2026

  5. Senate Committee Amendment No. 1 Assignments Refers to Revenue

  6. Senate Committee Amendment No. 1 Referred to Assignments

  7. Senate Committee Amendment No. 1 Filed with Secretary by Sen. David Koehler

  8. Rule 2-10 Committee Deadline Established As April 24, 2026

  9. Assigned to Revenue

  10. Referred to Assignments

  11. First Reading

  12. Filed with Secretary by Sen. David Koehler

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 182 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (182)

182 members have not signed on to this bill.

Show all 182 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation environment labor
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB3692      do?
Amends the Economic Development for a Growing Economy Tax Credit Act. Provides that the credit against withholding that is awarded to taxpayers who are primarily engaged in the recycling and melting of steel products and in the manufacturing of new steel wire and rod products shall be 100% of the amount of withholding.
Who sponsors SB3692     ?
SB3692      is sponsored by David Koehler (Democrat).
What is the current status of SB3692     ?
This bill has been introduced in the Senate. Introduced February 05, 2026. It must pass committee before a floor vote.
Where can I track SB3692     ?
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Make your voice heard on SB3692     

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Last checked for changes 3 months ago · updated continuously

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