IL SB1737 | 2023-2024 | 103rd General Assembly
Status
Spectrum: Partisan Bill (Democrat 12-0)
Status: Introduced on February 9 2023 - 25% progression
Action: 2023-05-24 - Added as Co-Sponsor Sen. Rachel Ventura
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 9 2023 - 25% progression
Action: 2023-05-24 - Added as Co-Sponsor Sen. Rachel Ventura
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Summary
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.
Title
BUILD ILLINOIS TAX CREDIT
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2023-05-24 | Senate | Added as Co-Sponsor Sen. Rachel Ventura |
| 2023-05-04 | Senate | Added as Co-Sponsor Sen. Doris Turner |
| 2023-05-03 | Senate | Added as Co-Sponsor Sen. Ann Gillespie |
| 2023-03-29 | Senate | Added as Co-Sponsor Sen. Mike Simmons |
| 2023-03-23 | Senate | Added as Co-Sponsor Sen. Ram Villivalam |
| 2023-03-13 | Senate | Added as Chief Co-Sponsor Sen. Adriane Johnson |
| 2023-03-10 | Senate | Rule 3-9(a) / Re-referred to Assignments |
| 2023-02-23 | Senate | Added as Co-Sponsor Sen. Karina Villa |
| 2023-02-22 | Senate | Added as Co-Sponsor Sen. Laura M. Murphy |
| 2023-02-22 | Senate | Added as Co-Sponsor Sen. Linda Holmes |
| 2023-02-21 | Senate | Added as Chief Co-Sponsor Sen. David Koehler |
| 2023-02-21 | Senate | Assigned to Revenue |
| 2023-02-15 | Senate | Added as Chief Co-Sponsor Sen. Cristina H. Pacione-Zayas |
| 2023-02-09 | Senate | Referred to Assignments |
| 2023-02-09 | Senate | First Reading |
| 2023-02-09 | Senate | Filed with Secretary by Sen. Mattie Hunter |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 215 | 5 | 409 | Amended Code | Citation Text |
| 215 | 5 | 444 | Amended Code | Citation Text |
| 35 | 5 | 234 | New Code | See Bill Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1737&GAID=17&DocTypeID=SB&SessionID=112&GA=103 |
| Text | https://www.ilga.gov/legislation/103/SB/10300SB1737.htm |
