IL SB3233 | 2023-2024 | 103rd General Assembly
Status
Spectrum: Strong Partisan Bill (Democrat 17-1)
Status: Introduced on February 6 2024 - 25% progression
Action: 2024-05-16 - Added as Co-Sponsor Sen. Ram Villivalam
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 6 2024 - 25% progression
Action: 2024-05-16 - Added as Co-Sponsor Sen. Ram Villivalam
Pending: Senate Assignments 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 |
|---|---|---|
| 2024-05-16 | Senate | Added as Co-Sponsor Sen. Ram Villivalam |
| 2024-05-15 | Senate | Added as Co-Sponsor Sen. Steve Stadelman |
| 2024-05-15 | Senate | Added as Co-Sponsor Sen. Mike Porfirio |
| 2024-05-15 | Senate | Added as Co-Sponsor Sen. Christopher Belt |
| 2024-05-06 | Senate | Added as Co-Sponsor Sen. Julie A. Morrison |
| 2024-05-03 | Senate | Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments |
| 2024-05-03 | Senate | Rule 3-9(a) / Re-referred to Assignments |
| 2024-05-02 | Senate | Added as Co-Sponsor Sen. Erica Harriss |
| 2024-04-29 | Senate | Added as Co-Sponsor Sen. Cristina Castro |
| 2024-04-18 | Senate | Added as Co-Sponsor Sen. Linda Holmes |
| 2024-04-11 | Senate | Added as Co-Sponsor Sen. Laura Fine |
| 2024-04-09 | Senate | Senate Committee Amendment No. 1 Assignments Refers to Revenue |
| 2024-04-05 | Senate | Rule 2-10 Committee Deadline Established As May 3, 2024 |
| 2024-04-03 | Senate | Senate Committee Amendment No. 1 Referred to Assignments |
| 2024-04-03 | Senate | Senate Committee Amendment No. 1 Filed with Secretary by Sen. Robert Peters |
| 2024-03-15 | Senate | Rule 2-10 Committee Deadline Established As April 5, 2024 |
| 2024-03-14 | Senate | Added as Chief Co-Sponsor Sen. Mattie Hunter |
| 2024-03-13 | Senate | Added as Co-Sponsor Sen. Laura M. Murphy |
| 2024-02-29 | Senate | Added as Co-Sponsor Sen. Rachel Ventura |
| 2024-02-26 | Senate | Added as Co-Sponsor Sen. Adriane Johnson |
| 2024-02-26 | Senate | Added as Co-Sponsor Sen. Doris Turner |
| 2024-02-23 | Senate | Added as Chief Co-Sponsor Sen. David Koehler |
| 2024-02-23 | Senate | Added as Co-Sponsor Sen. Mike Simmons |
| 2024-02-22 | Senate | Added as Co-Sponsor Sen. Ann Gillespie |
| 2024-02-14 | Senate | Assigned to Revenue |
| 2024-02-06 | Senate | Referred to Assignments |
| 2024-02-06 | Senate | First Reading |
| 2024-02-06 | Senate | Filed with Secretary by Sen. Robert Peters |
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 |
