Illinois House Bill 3582 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 2-0)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Amends the Illinois Income Tax Act. Creates a credit in an amount equal to 25% of qualified expenditures incurred by a qualified taxpayer during the taxable year in the restoration and preservation of a qualified historic structure located in a River Edge Redevelopment Zone pursuant to a qualified rehabilitation plan. Defines "qualified taxpayer, "qualified historic structure", and "qualified rehabilitation plan". Provides that the credit may be carried forward until the tenth taxable year after the qualified rehabilitation plan was placed in service. Amends the River Edge Redevelopment Zone Act. Provides that, until December 31, 2012, the Department may certify one additional River Edge Redevelopment Zone in the City of Peoria. Effective immediately.

INC TX-HISTORIC STRUCTURES

Rep. Jehan Gordon-Booth [D]

Rep. Charles Jefferson [D]

Date	Chamber	Action
2013-01-08	House	Session Sine Die
2012-03-01	House	Added Co-Sponsor Rep. Charles E. Jefferson
2011-03-17	House	Rule 19(a) / Re-referred to Rules Committee
2011-03-03	House	Assigned to Revenue & Finance Committee
2011-02-24	House	Referred to Rules Committee
2011-02-24	House	First Reading
2011-02-24	House	Filed with the Clerk by Rep. Jehan A. Gordon

Chapter	Article	Section	Citation Type	Statute Text
30	105	5.786	New Code	See Bill Text
35	5	221	New Code	See Bill Text
65	115	10-2	Amended Code	Citation Text
65	115	10-5.3	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3582&GAID=11&DocTypeID=HB&SessionID=84&GA=97
Text	https://www.ilga.gov/legislation/97/HB/09700HB3582.htm