IL HB4909 | 2023-2024 | 103rd General Assembly
Status
Spectrum: Strong Partisan Bill (Democrat 13-1)
Status: Introduced on February 6 2024 - 25% progression
Action: 2024-05-06 - Added Co-Sponsor Rep. Nabeela Syed
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 6 2024 - 25% progression
Action: 2024-05-06 - Added Co-Sponsor Rep. Nabeela Syed
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Creates the Build Illinois Homes Tax Credit Act. Provides that owners of qualified low-income housing developments are eligible for credits against the taxes imposed by the Illinois Income Tax Act or taxes, penalties, fees, charges, and payments imposed by the Illinois Insurance Code. Amends the Illinois Income Tax Act and the Illinois Insurance Code to make conforming changes. Effective immediately.
Title
BUILD ILLINOIS HOMES ACT
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2024-05-06 | House | Added Co-Sponsor Rep. Nabeela Syed |
| 2024-05-06 | House | Added Co-Sponsor Rep. Hoan Huynh |
| 2024-05-06 | House | Added Co-Sponsor Rep. Lilian Jiménez |
| 2024-05-06 | House | Added Co-Sponsor Rep. Maura Hirschauer |
| 2024-05-06 | House | Added Co-Sponsor Rep. La Shawn K. Ford |
| 2024-05-06 | House | Added Co-Sponsor Rep. Kevin John Olickal |
| 2024-05-06 | House | Added Co-Sponsor Rep. Anne Stava-Murray |
| 2024-04-18 | House | Added Co-Sponsor Rep. Sharon Chung |
| 2024-04-05 | House | House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee |
| 2024-04-05 | House | Rule 19(a) / Re-referred to Rules Committee |
| 2024-04-03 | House | House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee |
| 2024-04-02 | House | House Committee Amendment No. 1 Referred to Rules Committee |
| 2024-04-02 | House | House Committee Amendment No. 1 Filed with Clerk by Rep. Dagmara Avelar |
| 2024-03-20 | House | Added Co-Sponsor Rep. Abdelnasser Rashid |
| 2024-03-08 | House | To Revenue - Tax Credit and Incentives Subcommittee |
| 2024-03-07 | House | Added Co-Sponsor Rep. Barbara Hernandez |
| 2024-03-07 | House | Added Co-Sponsor Rep. Will Guzzardi |
| 2024-03-06 | House | Added Co-Sponsor Rep. Jennifer Gong-Gershowitz |
| 2024-02-28 | House | Assigned to Revenue & Finance Committee |
| 2024-02-08 | House | Added Chief Co-Sponsor Rep. Ryan Spain |
| 2024-02-07 | House | Referred to Rules Committee |
| 2024-02-07 | House | First Reading |
| 2024-02-06 | House | Filed with the Clerk by Rep. Dagmara Avelar |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 215 | 5 | 409 | Amended Code | Citation Text |
| 215 | 5 | 444 | Amended Code | Citation Text |
| 35 | 5 | 241 | New Code | See Bill Text |
