IL HB3184 | 2021-2022 | 102nd General Assembly
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 19 2021 - 25% progression, died in committee
Action: 2022-02-18 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 19 2021 - 25% progression, died in committee
Action: 2022-02-18 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Creates the School Building Rehabilitation Tax Credit Act. Creates an income tax credit equal to 25% of the qualified expenditures incurred by a qualified taxpayer undertaking a qualified rehabilitation plan of a vacant school building. Provides that, to be eligible for the credit, the taxpayer must apply with the Department of Commerce and Economic Opportunity. Provides that the credit is subject to certain limitations. Amends the Illinois Income Tax Act to make conforming changes. Effective immediately.
Title
REVENUE-SCHOOL BUILDINGS
Sponsors
History
Date | Chamber | Action |
---|---|---|
2022-02-18 | House | Rule 19(a) / Re-referred to Rules Committee |
2022-02-15 | House | To Income Tax Subcommittee |
2022-02-09 | House | Assigned to Revenue & Finance Committee |
2021-03-27 | House | Rule 19(a) / Re-referred to Rules Committee |
2021-03-16 | House | Assigned to Revenue & Finance Committee |
2021-02-19 | House | Referred to Rules Committee |
2021-02-19 | House | First Reading |
2021-02-19 | House | Filed with the Clerk by Rep. Jehan Gordon-Booth |
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
30 | 105 | 5.935 | New Code | See Bill Text |
35 | 5 | 232 | New Code | See Bill Text |
Illinois State Sources
Type | Source |
---|---|
Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3184&GAID=16&DocTypeID=HB&SessionID=110&GA=102 |
Text | https://www.ilga.gov/legislation/102/HB/10200HB3184.htm |