Chambana Sun

Paul Faraci introduced SB1620 in the Illinois Senate on Feb. 4, 2025, during the general assembly session 104, according to the Illinois General Assembly.

According to the Illinois General Assembly site, the legislature summarized the bill's official text as follows: "Amends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to 10% of the manufacturing capital expenditures incurred by the taxpayer during the taxable year or, if the taxpayer is located in a rural or economically challenged area, 15% of the manufacturing capital expenditures. Provides that the total amount of credits awarded under those provisions may not exceed $10,000,000 for any particular taxpayer in any taxable year, except that, if the capital investment is made in a rural or economically challenged area, then the maximum amount of the credit shall be $20,000,000. Effective immediately."

The following is our breakdown, based on the actual bill text, and may include interpretation to clarify its provisions.

In essence, this bill amends the Illinois Income Tax Act to establish a tax credit for manufacturers based on their capital expenditures. For tax years starting on or after Jan. 1, 2025, and before Jan. 1, 2036, manufacturers can receive a credit equal to 10% of their capital expenditures incurred during the taxable year. If these expenditures occur in a designated rural or economically challenged area, the credit increases to 15%. The credit limit is $10 million per taxpayer per year, with a higher limit of $20 million for investments in qualifying areas. The credit cannot be combined with other credits for the same expenditure nor can it reduce tax liability below zero. The bill takes effect immediately.

Paul Faraci has proposed another six bills since the beginning of the 104th session.

Faraci graduated from the University of Illinois Urbana-Champaign in 1988 with a BA.

Paul Faraci is currently serving in the Illinois State Senate, representing the state's 52nd Senate District. He replaced previous state senator Scott M. Bennett in 2023.

Bills in Illinois follow a multi-step legislative process, beginning with introduction in either the House or Senate, followed by committee review, floor debates, and votes in both chambers before reaching the governor for approval or veto. The General Assembly operates on a biennial schedule, and while typically thousands of bills are introduced each session, only a fraction successfully pass through the process to become law.

You can read more about bills and other measures here.

Bill Number	Date Introduced	Short Description
SB1620	02/04/2025	Amends the Illinois Income Tax Act. Creates an income tax credit in an amount equal to 10% of the manufacturing capital expenditures incurred by the taxpayer during the taxable year or, if the taxpayer is located in a rural or economically challenged area, 15% of the manufacturing capital expenditures. Provides that the total amount of credits awarded under those provisions may not exceed $10,000,000 for any particular taxpayer in any taxable year, except that, if the capital investment is made in a rural or economically challenged area, then the maximum amount of the credit shall be $20,000,000. Effective immediately.
SB1506	02/04/2025	Amends the Illinois Vehicle Code. Provides that the Secretary of State may issue special registration plates designated as Dolly Parton Imagination Library license plates. Provides that an applicant for the special plate shall be charged a $35 fee for original issuance in addition to the appropriate registration fee; of this fee, $25 shall be distributed to The Dollywood Foundation and $10 shall be deposited into the Secretary of State Special License Plate Fund. Provides that for each registration renewal period, a $25 fee, in addition to the appropriate registration fee, shall be charged and distributed to The Dollywood Foundation for use by the Dolly Parton Imagination Library of Illinois.
SB1547	02/04/2025	Amends the Counties Code. Provides that, if a majority of voters in a city of less than 100,000 inhabitants vote in favor of a proposition to stagger the terms of alderpersons, then in a city with an odd number of wards at the next regular election for alderpersons, one alderperson shall be elected from each odd-numbered ward for a term of 2 years and one alderperson shall be elected from each even-numbered ward for a term of 4 years
SB1548	02/04/2025	Amends the Illinois State Police Law. Provides that the Illinois State Police, in cooperation with the Golden Search Task Force, shall develop as part of the Endangered Missing Person Advisory a coordinated statewide awareness program and toolkit, which shall be referred to as the Golden Search, to be used when there is a missing person who is believed to be a person having a developmental disability or a person having an intellectual disability. Provides that the Illinois State Police shall complete development and deployment of the Golden Search Awareness Program and toolkit on or before July 1, 2026. Provides that the Illinois State Police shall establish a Golden Search Task Force within 90 days after the effective date of the amendatory Act to assist the Illinois State Police in development and deployment of the Golden Search Awareness Program and toolkit. Provides that the Task Force shall monitor and review the implementation and operation of that program, including procedures, budgetary requirements, standards, and minimum requirements for the training of law enforcement personnel on how to interact appropriately and effectively with individuals with developmental and intellectual disabilities. Sets forth membership of the Task Force. Provides that the Director of the Illinois State Police or the Director's designee shall serve as Chair of the Task Force. Provides that the Task Force shall meet at least twice a year and shall provide a report on the operations of the Golden Search Program to the General Assembly and the Governor each year by June 30th. Provides that the Child Safety Coordinator shall act in the capacity of Golden Search Program Coordinator in addition to the Child Safety Coordinator's other duties. Amends the Illinois Police Training Act. Provides that the Illinois Law Enforcement Training Standards Board shall conduct a training program for law enforcement personnel of local governmental agencies in the statewide coordinated Golden Search Awareness Program and toolkit. Provides that the Board shall adopt written protocols and guidelines for the handling of missing persons cases involving a person having a developmental disability or a person having an intellectual disability based upon protocols developed by the Golden Search Task Force in conjunction with the Illinois State Police on or before July 1, 2026.
SB1564	02/04/2025	Amends the Illinois Lottery Law. Provides that if a scratch-off game is discontinued, then the Department of the Lottery shall offer a special instant scratch-off game for the benefit of the Illinois Developmental Disabilities Services Scratch-Off Fund for developmental disabilities services under the Independent Service Coordination agencies. Provides that the game shall commence as soon practical after the discontinuation and shall operate for 5 years. Requires that the net revenue from the developmental disabilities services scratch-off game be deposited into the Illinois Developmental Disabilities Services Scratch-Off Fund. Allows the Department to adopt rules to implement the provisions. Creates the Illinois Developmental Disabilities Services Scratch-Off Fund. Makes conforming changes in the Department of Human Services Act and the State Finance Act. Effective immediately.
SB1494	01/31/2025	Appropriates $1,558,900 to the State Universities Civil Service System for the purpose of meeting its operational needs for the fiscal year ending June 30, 2026. Effective July 1, 2025.
SB0180	01/17/2025	Amends the Circuit Courts Act. Provides, in a provision concerning resident judgeships of the 6th judicial circuit, that when a vacancy occurs in an at-large judgeship, the at-large judgeship shall be converted to a resident judgeship for either Champaign County or Macon County, depending on which of those 2 counties the incumbent at-large circuit judge resided in when the incumbent judge was elected. Effective immediately.