Illinois House Bill 5554 (Prior Session Legislation)

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Spectrum: Moderate Partisan Bill (Democrat 9-2)
Status: Introduced on February 14 2020 - 25% progression, died in committee
Action: 2020-09-24 - Added Co-Sponsor Rep. Barbara Hernandez
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Creates the Build Illinois Homes Tax Credit Act. Provides that the Illinois Housing Development Authority and the City of Chicago Department of Housing may award credits for certain qualified low-income housing projects. Provides that the credits may be taken against any or all of the following: (i) the taxes imposed by the Illinois Income Tax Act; or (ii) any retaliatory or privilege tax imposed by the Illinois Insurance Code. Amends the Illinois Income Tax Act and the Illinois Insurance Code to make conforming changes. Effective immediately.

REVENUE-BUILD ILLINOIS HOMES

Rep. Delia Ramirez [D]	Rep. Tom Demmer [R]	Rep. Michael Zalewski [D]	Rep. Margo McDermed [R]
Rep. Theresa Mah [D]	Rep. Emanuel Welch [D]	Rep. Lindsey LaPointe [D]	Rep. Elizabeth Hernandez [D]
Rep. Jonathan Carroll [D]	Rep. Maurice West [D]	Rep. Barbara Hernandez [D]

Date	Chamber	Action
2020-09-24	House	Added Co-Sponsor Rep. Barbara Hernandez
2020-09-22	House	Added Co-Sponsor Rep. Maurice A. West, II
2020-06-23	House	Rule 19(b) / Re-referred to Rules Committee
2020-03-13	House	Added Co-Sponsor Rep. Jonathan Carroll
2020-03-03	House	Assigned to Revenue & Finance Committee
2020-02-27	House	Added Co-Sponsor Rep. Elizabeth Hernandez
2020-02-26	House	Added Chief Co-Sponsor Rep. Michael J. Zalewski
2020-02-26	House	Added Co-Sponsor Rep. Lindsey LaPointe
2020-02-26	House	Added Co-Sponsor Rep. Emanuel Chris Welch
2020-02-26	House	Added Co-Sponsor Rep. Theresa Mah
2020-02-21	House	Added Co-Sponsor Rep. Margo McDermed
2020-02-20	House	Added Chief Co-Sponsor Rep. Tom Demmer
2020-02-18	House	Referred to Rules Committee
2020-02-18	House	First Reading
2020-02-14	House	Filed with the Clerk by Rep. Delia C. Ramirez

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

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=5554&GAID=15&DocTypeID=HB&SessionID=108&GA=101
Text	https://www.ilga.gov/legislation/101/HB/10100HB5554.htm