Illinois 104th General Assembly Status: Introduced Bipartisan · 5 D · 3 R cosponsors

SB3067      — NEW MARKETS-CREDITS

Last action — 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 January 29, 2026. It must pass committee before a floor vote.

Next likely step: a committee referral and hearing.

Odds of enactment

Low chance

Based on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Advancing 34% · moderate confidence

  • Introduced

    Current position in the legislative process.

  • 8 sponsors

    1 primary, 7 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (5 D · 3 R) — cross-party backing.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

In plain language

This bill allows the transfer of tax credits under the New Markets Development Program to affiliates.

The bill modifies the New Markets Development Program Act by permitting tax credits to be transferred to affiliates and setting a credit cap of $37 million for future fiscal years. It also adjusts the allocation schedule for credits.

Summary

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.

Bill Text

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

Read SB3067 on the official Illinois source →

Action History

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

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

  3. Added as Co-Sponsor Sen. Lakesia Collins

  4. Added as Co-Sponsor Sen. Chris Balkema

  5. Added as Co-Sponsor Sen. Laura M. Murphy

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

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

  8. Added as Co-Sponsor Sen. Javier L. Cervantes

  9. Added as Co-Sponsor Sen. Donald P. DeWitte

  10. Added as Co-Sponsor Sen. David Koehler

  11. Added as Co-Sponsor Sen. John F. Curran

  12. Assigned to Revenue

  13. Referred to Assignments

  14. First Reading

  15. Filed with Secretary by Sen. Christopher Belt

Sponsors

Sponsorship breakdown

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1 sponsors · 7 co-sponsors · 175 not signed on

Sponsors (1)

Co-sponsors (7)

Not signed on (175)

175 members have not signed on to this bill.

Show all 175 →

"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 finance
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 SB3067      do?
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.
Who sponsors SB3067     ?
SB3067      is sponsored by Christopher Belt (Democrat), John F. Curran (Republican), David Koehler (Democrat), Donald P. DeWitte (Republican), Javier L. Cervantes (Democrat), Laura M. Murphy (Democrat), Chris Balkema (Republican), and Lakesia Collins (Democrat).
What is the current status of SB3067     ?
This bill has been introduced in the Senate. Introduced January 29, 2026. It must pass committee before a floor vote.
Where can I track SB3067     ?
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Last checked for changes 3 months ago · updated continuously

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