b'FEATURE2024 End of Session Report By Illinois Chamber of Commerce Council DirectorsThe Illinois Chamber of Commerce is pleased to present our annual end-of-session report. Our team has diligently drafted, tracked, and ad-vocated for legislation impacting the business community. This document is a product of that advocacy.The report begins with a message from our President and CEO, Lou Sandoval, and highlights the major legislative items of the year. Follow-ing that, you will find a detailed recap of the legislation tracked and lobbied by each of the Chambers 7 policy councils. If you have any questions or would like to discuss any of these legislative matters, please feel free to reach out to our team.FY25 Budget Signed 2024 End of Session Report into Law, Revenue Enhancements Raise Concerns PRO G L RO I W E T S H As final budget negotiations were BUS N SI LINOIScarried out in the waning days of May, The Illinois Chamber appreci-ated the opportunity to collaborate with legislators on both sides of the The General Assembly adjourned this year onaisle and secure meaningful policy wins. The Chamber is aligned with Wednesday, May 29th, which was later than theirGovernor Pritzkers goals of business intended early adjournment date of May 24th.attraction and support for education and we acknowledge that many in our dynamic and diverse member-The Senate continued its session until the ship base will be served well by the state in the coming year. evening of Sunday, May 26, while the House took A long overdue legislative update changing the sales taxation of leasing a short break before adjourning into the early from an upfront tax on the acquisi-morning of Wednesday, May 29th.tion cost of the leasperty paid by the lessor to a tax on the rental charges paid by a lessee is an example of one 2ILLINOIS BUSINESS LEADER'