Comments: IL HB4413 | 2025-2026 | 104th General Assembly

Bill Title: Amends the Illinois Housing Development Act and the Illinois Income Tax Act. Provides that the amount of credits awarded under the affordable housing tax donation program is limited to $41,831,227 in State fiscal year 2027 and shall increase by 10% each fiscal year thereafter (currently, $32,850,352 in State fiscal years 2022 and 2023 increased by 5% each fiscal year thereafter). Provides that the affordable housing donation income tax credit applies through the taxable year ending on December 31, 2036 (currently, December 31, 2026). Effective immediately.

Sponsorship: Partisan Bill (Democrat 8)

Status: (Introduced) 2026-05-11 - Added Co-Sponsor Rep. Anna Moeller [HB4413 Detail]

Text: Latest bill text (Introduced) [HTML]

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