Bill Title: Amends the Illinois Income Tax Act. Provides that taxpayers of a qualified historic structure located in a River Edge Redevelopment Zone shall be allowed a tax credit against certain provisions of the Illinois Insurance Code during a 48-month period. Provides that a taxpayer is required to provide a third-party cost certification regarding costs attributable to the rehabilitation of a historic building when the costs exceed $200,000. Defines "phased rehabilitation" and "placed in service". Amends the Illinois Insurance Code. Makes conforming changes. Effective immediately.

Sponsorship: Slight Partisan Bill (Democrat 14-8)

Status: (Passed) 2018-07-26 - Public Act . . . . . . . . . 100-0629 [SB3527 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Chaptered	2018-07-26	HTML/Text	Link	View
Enrolled	2018-06-06	HTML/Text	Link	View
Engrossed	2018-04-26	HTML/Text	Link	View
Introduced	2018-02-16	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
House Amendment 003	2018-05-29	Proposed	HTML/Text	Link	View
House Amendment 002	2018-05-28	Proposed	HTML/Text	Link	View
House Amendment 001	2018-05-11	Proposed	HTML/Text	Link	View
Senate Amendment 001	2018-04-25	Proposed	HTML/Text	Link	View

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB3527 currently on file.