IL HB5759 | 2009-2010 | 96th General Assembly
Status
Sponsorship: Partisan Bill (Democrat 3)
Status: Introduced on February 9 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 February 9 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 | |
| 2010-03-02 | Added Co-Sponsor Rep. Anthony DeLuca | |
| 2010-02-18 | Added Co-Sponsor Rep. Carol A. Sente | |
| 2010-02-16 | Assigned to Revenue & Finance Committee | |
| 2010-02-09 | Referred to Rules Committee | |
| 2010-02-09 | First Reading | |
| 2010-02-09 | Filed with the Clerk by Rep. Jehan A. Gordon |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=5759&GAID=10&DocTypeID=HB&SessionID=76&GA=96 |
| Text | https://www.ilga.gov/legislation/96/HB/09600HB5759.htm |
