Bill Title: 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.

Spectrum: Strong Partisan Bill (Democrat 17-1)

Status: (Introduced) 2024-05-16 - Added as Co-Sponsor Sen. Ram Villivalam [SB3233 Detail]

Text: Latest bill text (Introduced) [HTML]

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