In CommitteeFiled Feb 6, 2026
Sponsor: Julie A. Morrison
Latest Action
Rule 3-9(a) / Re-referred to Assignments
May 22, 2026
Summary
The bill amends the Economic Development for a Growing Economy Tax Credit Act so that businesses mainly engaged in pharmacy, health, and wellness can claim the credit against their withholding tax liability, provided they have a corporate headquarters and distribution centers in Illinois. It also sets the credit at 50% of the required withholding amount. The change aims to encourage these companies to locate or expand operations in the state.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
Topics
Track this bill
Get real-time alerts when SB 3934 changes status, plus AI-powered summaries and stage predictions.
Sign up free