IL HB4823 | 2009-2010 | 96th General Assembly
Status
Spectrum: Strong Partisan Bill (Democrat 11-1)
Status: Introduced on January 12 2010 - 25% progression, died in committee
Action: 2010-03-15 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 12 2010 - 25% progression, died in committee
Action: 2010-03-15 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Creates the Historic Rehabilitation Tax Credit Act. Authorizes tax credits against Illinois income taxes and insurance company privilege taxes for 25% of the costs of rehabilitating eligible historic property. Allows excess credits to be carried back and forward. Allows credits to be transferred, sold, or assigned. Administered by the Department of Commerce and Economic Opportunity. Sets forth application and award procedures. Effective July 1, 2010.
Title
HISTORIC REHAB TAX CREDIT
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2010-03-15 | Rule 19(a) / Re-referred to Rules Committee | |
| 2010-03-10 | Added Co-Sponsor Rep. Jack D. Franks | |
| 2010-03-08 | Added Co-Sponsor Rep. Lisa M. Dugan | |
| 2010-03-04 | Added Co-Sponsor Rep. Karen A. Yarbrough | |
| 2010-02-18 | Added Co-Sponsor Rep. Bill Mitchell | |
| 2010-02-11 | Added Co-Sponsor Rep. Michael K. Smith | |
| 2010-02-10 | Added Co-Sponsor Rep. Daniel V. Beiser | |
| 2010-02-09 | Added Co-Sponsor Rep. Jehan A. Gordon | |
| 2010-01-27 | Assigned to Revenue & Finance Committee | |
| 2010-01-12 | Referred to Rules Committee | |
| 2010-01-12 | First Reading | |
| 2010-01-12 | Added Chief Co-Sponsor Rep. Careen M. Gordon | |
| 2010-01-12 | Added Chief Co-Sponsor Rep. Thomas Holbrook | |
| 2010-01-12 | Added Chief Co-Sponsor Rep. Jay C. Hoffman | |
| 2010-01-12 | Added Chief Co-Sponsor Rep. Maria Antonia Berrios | |
| 2010-01-12 | Filed with the Clerk by Rep. Greg Harris |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=4823&GAID=10&DocTypeID=HB&SessionID=76&GA=96 |
| Text | https://www.ilga.gov/legislation/96/HB/09600HB4823.htm |
