Illinois 104th General Assembly Status: Introduced 13 D cosponsors

SB3376      — MARK-TO-MARKET TAX ACT

Last action — Added as Co-Sponsor Sen. Mike Simmons

  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 04, 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.

Summary

Creates the Extremely High Wealth Mark-to-Market Tax Act. Provides that a resident taxpayer with net assets worth $1,000,000,000 or more shall recognize gains or losses as if each asset owned by that taxpayer had been sold for its fair market value on December 31 of the taxable year. Contains provisions concerning the calculation of the amount of tax due from those gains or losses. Amends the Illinois Income Tax Act to make conforming changes. Effective immediately.

Bill Text

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

Read SB3376 on the official Illinois source →

Action History

  1. Added as Co-Sponsor Sen. Mike Simmons

  2. Added as Co-Sponsor Sen. Emil Jones, III

  3. Added as Co-Sponsor Sen. Napoleon Harris III

  4. Added as Co-Sponsor Sen. Willie Preston

  5. Added as Co-Sponsor Sen. Lakesia Collins

  6. Added as Co-Sponsor Sen. Mattie Hunter

  7. Added as Co-Sponsor Sen. Ram Villivalam

  8. Added as Co-Sponsor Sen. Mark L. Walker

  9. Added as Chief Co-Sponsor Sen. Graciela Guzmán

  10. Added as Co-Sponsor Sen. Adriane L. Johnson

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

  12. Added as Co-Sponsor Sen. Rachel Ventura

  13. Referred to Assignments

  14. First Reading

  15. Filed with Secretary by Sen. Karina Villa

Sponsors

Sponsorship breakdown

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1 sponsors · 12 co-sponsors · 170 not signed on

Sponsors (1)

Co-sponsors (12)

Not signed on (170)

170 members have not signed on to this bill.

Show all 170 →

"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
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 SB3376      do?
Creates the Extremely High Wealth Mark-to-Market Tax Act. Provides that a resident taxpayer with net assets worth $1,000,000,000 or more shall recognize gains or losses as if each asset owned by that taxpayer had been sold for its fair market value on December 31 of the taxable year. Contains provisions concerning the calculation of the amount of tax due from those gains or losses. Amends the Illinois Income Tax Act to make conforming changes. Effective immediately.
Who sponsors SB3376     ?
SB3376      is sponsored by Karina Villa (Democrat), Graciela Guzmán (Democrat), Rachel Ventura (Democrat), Javier L. Cervantes (Democrat), Adriane L. Johnson (Democrat), Mark L. Walker (Democrat), Ram Villivalam (Democrat), Mattie Hunter (Democrat), Lakesia Collins (Democrat), Willie Preston (Democrat), Napoleon Harris III (Democrat), Emil Jones, III (Democrat), and Mike Simmons (Democrat).
What is the current status of SB3376     ?
This bill has been introduced in the Senate. Introduced February 04, 2026. It must pass committee before a floor vote.
Where can I track SB3376     ?
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Last checked for changes about 2 months ago · updated continuously

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