Bill Title: Amends the Historic Preservation Tax Credit Act. Extends the sunset of the credit to December 31, 2028 (currently, December 31, 2023). Provides that, in each calendar year beginning on or after January 1, 2024 and ending on or before December 31, 2028, the State Historic Preservation Office in the Department of Natural Resources is authorized to allocate $75,000,000 (currently, $15,000,000) in tax credits under the Act. Amends the Illinois Income Tax Act to make conforming changes. Effective immediately.
Spectrum: Partisan Bill (Democrat 3-0)
Status: (Introduced) 2023-03-21 - Added as Co-Sponsor Sen. Mattie Hunter
[SB0119 Detail]
Bill Drafts
| Revision | Date | Format | Source | View |
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| Introduced | 2023-01-24 | HTML/Text | Link | View |
Amendments
| Amendment | Date | Disposition | Format | Source | View |
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| No bill amendments currently on file for Illinois SB0119 |
Supplemental Documents
| Title | Description | Date | Format | Source | View |
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| No supplemental documents for Illinois SB0119 currently on file. |
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