IL SB2912 | 2023-2024 | 103rd General Assembly
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 26 2024 - 25% progression
Action: 2024-04-05 - Rule 2-10 Committee Deadline Established As May 3, 2024
Pending: Senate Revenue Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 26 2024 - 25% progression
Action: 2024-04-05 - Rule 2-10 Committee Deadline Established As May 3, 2024
Pending: Senate Revenue Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Illinois Income Tax Act. Creates an income tax credit for qualified housing developers who incur development costs in the construction of new housing. Sets forth the amount of the credit. Effective immediately.
Title
INC TX-HOUSING DEVELOPMENT
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2024-04-05 | Senate | Rule 2-10 Committee Deadline Established As May 3, 2024 |
| 2024-03-15 | Senate | Rule 2-10 Committee Deadline Established As April 5, 2024 |
| 2024-02-06 | Senate | Assigned to Revenue |
| 2024-01-26 | Senate | Referred to Assignments |
| 2024-01-26 | Senate | First Reading |
| 2024-01-26 | Senate | Filed with Secretary by Sen. Rachel Ventura |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 35 | 5 | 241 | New Code | See Bill Text |
| 5 | 100 | 5-45.55 | New Code | See Bill Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2912&GAID=17&DocTypeID=SB&SessionID=112&GA=103 |
| Text | https://www.ilga.gov/legislation/103/SB/10300SB2912.htm |
