Bill Title: Creates the Historic Rehabilitation Tax Credit Act. Authorizes tax credits against Illinois income taxes and insurance company privilege taxes for 25% of the costs of rehabilitating eligible historic property. Allows excess credits to be carried back and forward. Allows credits to be transferred, sold, or assigned. Provides that the credit is administered by the Department of Commerce and Economic Opportunity. Sets forth application and award procedures. Makes related changes in the Illinois Income Tax Act and the Illinois Insurance Code. Effective July 1, 2013.

Spectrum: Partisan Bill (Democrat 10-0)

Status: (Failed) 2014-12-03 - Session Sine Die [HB0122 Detail]

---

Bill Drafts

Revision	Date	Format	Source	View
Introduced	2013-01-10	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois HB0122

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois HB0122 currently on file.

Social Comments on IL HB0122