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SB 3483

Illinois Senate•In Senate Committee

Summary

SB 3483, “INC TX-VEHICLE LOANS”, was introduced in the Senate on Feb 5, 2026 by Sen. Dave Syverson (R). It was referred to Assignments, and last saw action on May 22, 2026: Rule 3-9(a) / Re-referred to Assignments.

Record

Text

SB 3483 has no co-sponsors and has not gone to a roll call.

sb3483/introduced.txt
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Full Text of SB3483
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					SB3483 - 104th General Assembly
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Amends the Illinois Income Tax Act. Provides that each individual taxpayer who incurs debt that does not exceed $60,000 in connection with the financing of a qualified motor vehicle is entitled to a deduction in an amount equal to the interest paid on the qualified motor vehicle loan during the taxable year. Effective immediately.

Sponsors

Sen. Dave Syverson (R) sponsors SB 3483 alone.

Dave Syverson

Sen. · R–35 · Sponsor

Committees

SB 3483 went before 2 committees: Assignments and Revenue.

Assignments
Assignments
Referred to · Feb 5, 2026
Revenue
Revenue
Referred to · Feb 17, 2026

History

SB 3483 has taken 8 actions since Feb 5, 2026, the latest on May 22, 2026.

ChamberAction
May 22, 2026
Senate
Rule 3-9(a) / Re-referred to Assignments
May 15, 2026
Senate
Rule 2-10 Committee/3rd Reading Deadline Established As May 22, 2026
Apr 24, 2026
Senate
Rule 2-10 Committee/3rd Reading Deadline Established As May 15, 2026
Mar 13, 2026
Senate
Rule 2-10 Committee Deadline Established As April 24, 2026
Feb 17, 2026
Senate
Assigned to Revenue

Votes

SB 3483 has not gone to a roll call.

Source: ilga.gov · legiscan.com