Illinois Senate Bill 119

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Spectrum: Partisan Bill (Democrat 3-0)
Status: Introduced on January 24 2023 - 25% progression
Action: 2023-03-21 - Added as Co-Sponsor Sen. Mattie Hunter
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

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.

INC TX-HISTORIC PRESERVATION

Sen. Steve Stadelman [D]

Sen. David Koehler [D]

Sen. Mattie Hunter [D]

Date	Chamber	Action
2023-03-21	Senate	Added as Co-Sponsor Sen. Mattie Hunter
2023-03-10	Senate	Rule 3-9(a) / Re-referred to Assignments
2023-03-08	Senate	Added as Chief Co-Sponsor Sen. David Koehler
2023-01-31	Senate	Assigned to Revenue
2023-01-24	Senate	Referred to Assignments
2023-01-24	Senate	First Reading
2023-01-24	Senate	Filed with Secretary by Sen. Steve Stadelman

Chapter	Article	Section	Citation Type	Statute Text
35	31	10	Amended Code	Citation Text
35	31	20	Amended Code	Citation Text
35	5	228	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=119&GAID=17&DocTypeID=SB&SessionID=112&GA=103
Text	https://www.ilga.gov/legislation/103/SB/10300SB0119.htm