IL SB1848 | 2021-2022 | 102nd General Assembly
Status
Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on February 26 2021 - 25% progression, died in committee
Action: 2021-04-16 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 26 2021 - 25% progression, died in committee
Action: 2021-04-16 - Rule 3-9(a) / Re-referred to Assignments
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 (i) State income taxes and (ii) any privilege tax or retaliatory tax, penalty, fee, charge, or payment imposed under the Illinois Insurance Code. Amends the Illinois Income Tax Act and the Illinois Insurance Code to make conforming changes. Effective immediately.
Title
REVENUE-BUILD ILLINOIS
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2021-04-16 | Senate | Rule 3-9(a) / Re-referred to Assignments |
| 2021-03-16 | Senate | Assigned to Revenue |
| 2021-03-12 | Senate | Added as Chief Co-Sponsor Sen. Jacqueline Y. Collins |
| 2021-02-26 | Senate | Referred to Assignments |
| 2021-02-26 | Senate | First Reading |
| 2021-02-26 | 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 | 232 | New Code | See Bill Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1848&GAID=16&DocTypeID=SB&SessionID=110&GA=102 |
| Text | https://www.ilga.gov/legislation/102/SB/10200SB1848.htm |
