· IL legislature · 104th

DCEO-MASTER REDEVELOPMENT PLAN

Creates the Master Development Plan Recognition Act. Provides that certain contributions made by the State or units of local government are considered made pursuant to a master development plan within the meaning of Section 118 of the Internal Revenue Code. Amends the Illinois Income Tax Act. Creates a deduction for…

Sponsor

Jay Hoffman (D-IL)

Introduced

2026-01-05

Policy area

Economics and Public Finance

Latest action

Rule 19(a) / Re-referred to Rules Committee