IL HB5554 | 2019-2020 | 101st General Assembly

Status

Spectrum: Moderate Partisan Bill (Democrat 9-2)
Status: Introduced on February 14 2020 - 25% progression, died in committee
Action: 2020-09-24 - Added Co-Sponsor Rep. Barbara Hernandez
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Creates the Build Illinois Homes Tax Credit Act. Provides that the Illinois Housing Development Authority and the City of Chicago Department of Housing may award credits for certain qualified low-income housing projects. Provides that the credits may be taken against any or all of the following: (i) the taxes imposed by the Illinois Income Tax Act; or (ii) any retaliatory or privilege tax imposed by the Illinois Insurance Code. Amends the Illinois Income Tax Act and the Illinois Insurance Code to make conforming changes. Effective immediately.

Tracking Information

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Title

REVENUE-BUILD ILLINOIS HOMES

Sponsors


History

DateChamberAction
2020-09-24HouseAdded Co-Sponsor Rep. Barbara Hernandez
2020-09-22HouseAdded Co-Sponsor Rep. Maurice A. West, II
2020-06-23HouseRule 19(b) / Re-referred to Rules Committee
2020-03-13HouseAdded Co-Sponsor Rep. Jonathan Carroll
2020-03-03HouseAssigned to Revenue & Finance Committee
2020-02-27HouseAdded Co-Sponsor Rep. Elizabeth Hernandez
2020-02-26HouseAdded Chief Co-Sponsor Rep. Michael J. Zalewski
2020-02-26HouseAdded Co-Sponsor Rep. Lindsey LaPointe
2020-02-26HouseAdded Co-Sponsor Rep. Emanuel Chris Welch
2020-02-26HouseAdded Co-Sponsor Rep. Theresa Mah
2020-02-21HouseAdded Co-Sponsor Rep. Margo McDermed
2020-02-20HouseAdded Chief Co-Sponsor Rep. Tom Demmer
2020-02-18HouseReferred to Rules Committee
2020-02-18HouseFirst Reading
2020-02-14HouseFiled with the Clerk by Rep. Delia C. Ramirez

Code Citations

ChapterArticleSectionCitation TypeStatute Text
2155409Amended CodeCitation Text
2155444Amended CodeCitation Text
355232New CodeSee Bill Text

Illinois State Sources


Bill Comments

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