IL HB4596 | 2021-2022 | 102nd General Assembly
Status
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Introduced on January 18 2022 - 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 January 18 2022 - 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 Build Illinois Homes Tax Credit Act. Provides that owners of qualified low-income housing developments are eligible for credits against the taxes imposed by the Illinois Income Tax Act or taxes, penalties, fees, charges, and payments imposed by the Illinois Insurance Code. Amends the Illinois Income Tax Act and the Illinois Insurance Code to make conforming changes. Effective immediately.
Title
BUILD ILLINOIS TAX CREDIT
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 |
| 2022-01-27 | House | Added Chief Co-Sponsor Rep. Tom Demmer |
| 2022-01-21 | House | Referred to Rules Committee |
| 2022-01-21 | House | First Reading |
| 2022-01-20 | House | Added Chief Co-Sponsor Rep. Dagmara Avelar |
| 2022-01-18 | House | Filed with the Clerk by Rep. Delia C. Ramirez |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 215 | 5 | 409 | Amended Code | Citation Text |
| 215 | 5 | 444 | Amended Code | Citation Text |
| 35 | 5 | 232 | New Code | See Bill Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=4596&GAID=16&DocTypeID=HB&SessionID=110&GA=102 |
| Text | https://www.ilga.gov/legislation/102/HB/10200HB4596.htm |
