Illinois House Bill 3026 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 15 2019 - 25% progression, died in committee
Action: 2019-03-29 - House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Historic Preservation Tax Credit Act. Provides that the aggregate amount of credits awarded under the Act to a particular taxpayer may not exceed $3,000,000. Provides that the total amount of expenditures must equal at least $5,000 and (currently, "or") exceed the adjusted basis of the structure. Provides that the taxpayer may not receive a credit under the Act and a River Edge redevelopment credit for the same qualified expenditures or rehabilitation plan. Makes changes concerning the allocation of credits. Makes various technical changes. Amends the Illinois Income Tax Act. Makes changes to the historic preservation credit to include limited liability companies. Effective immediately.

HISTORIC PRESERVATION-CREDITS

Rep. Jehan Gordon-Booth [D]

Date	Chamber	Action
2019-03-29	House	House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
2019-03-29	House	Rule 19(a) / Re-referred to Rules Committee
2019-03-06	House	To Income Tax Subcommittee
2019-03-05	House	House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
2019-02-27	House	House Committee Amendment No. 1 Referred to Rules Committee
2019-02-27	House	House Committee Amendment No. 1 Filed with Clerk by Rep. Jehan Gordon-Booth
2019-02-26	House	Assigned to Revenue & Finance Committee
2019-02-15	House	Referred to Rules Committee
2019-02-15	House	First Reading
2019-02-15	House	Filed with the Clerk by Rep. Jehan Gordon-Booth

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

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3026&GAID=15&DocTypeID=HB&SessionID=108&GA=101
Text	https://www.ilga.gov/legislation/101/HB/10100HB3026.htm
Amendment	https://www.ilga.gov/legislation/101/HB/10100HB3026ham001.htm