Illinois SB 4008: USE/OCC TAX-HOLIDAY

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 Full Text of SB4008

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104TH GENERAL ASSEMBLY 
State of Illinois 
2025 and 2026
SB4008

Introduced 2/6/2026, by Sen. Ram Villivalam 

SYNOPSIS AS INTRODUCED:

30 ILCS 574/40-10

70 ILCS 3615/2.39.5 new

 Amends the Regional Transportation Authority Act. Requires the Northern Illinois Transit Authority to establish a goal to award not less than 3% of the total dollar amount of all contracts with the Northern Illinois Transit Authority, the Chicago Transit Authority, the Suburban Bus Division, and the Commuter Rail Division to qualified service-disabled veteran-owned small businesses and qualified veteran-owned small businesses. Provides that, by each March 1, the Board shall report to the Governor and General Assembly (1) the total number of qualified veteran-owned small businesses that submitted bids for contracts with the Authority and the total number of qualified service-disabled veteran-owned small businesses in the immediately preceding fiscal year; (2) the total number of qualified veteran-owned small businesses, and qualified service-disabled veteran-owned small businesses, that entered into contracts with the Authority in the immediately preceding fiscal year; (3) a year-by-year comparison of awarded contracts to certified veteran-owned small businesses and service-disabled veteran-owned small businesses; and (4) any other information that the Board deems necessary to assist veteran-owned small businesses and service-disabled veteran-owned small businesses to become certified with the State. Provides that, each year, the Board shall review the progress of the Authority and the Service Boards in meeting the goal, with input from statewide veterans' service organizations and from the business community, including businesses owned by qualified vetera