IL SB0119 | 2023-2024 | 103rd General Assembly
Status
Spectrum: Partisan Bill (Democrat 3-0)
Status: Introduced on January 24 2023 - 25% progression
Action: 2023-03-21 - Added as Co-Sponsor Sen. Mattie Hunter
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 24 2023 - 25% progression
Action: 2023-03-21 - Added as Co-Sponsor Sen. Mattie Hunter
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Historic Preservation Tax Credit Act. Extends the sunset of the credit to December 31, 2028 (currently, December 31, 2023). Provides that, in each calendar year beginning on or after January 1, 2024 and ending on or before December 31, 2028, the State Historic Preservation Office in the Department of Natural Resources is authorized to allocate $75,000,000 (currently, $15,000,000) in tax credits under the Act. Amends the Illinois Income Tax Act to make conforming changes. Effective immediately.
Title
INC TX-HISTORIC PRESERVATION
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2023-03-21 | Senate | Added as Co-Sponsor Sen. Mattie Hunter |
| 2023-03-10 | Senate | Rule 3-9(a) / Re-referred to Assignments |
| 2023-03-08 | Senate | Added as Chief Co-Sponsor Sen. David Koehler |
| 2023-01-31 | Senate | Assigned to Revenue |
| 2023-01-24 | Senate | Referred to Assignments |
| 2023-01-24 | Senate | First Reading |
| 2023-01-24 | Senate | Filed with Secretary by Sen. Steve Stadelman |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 35 | 31 | 10 | Amended Code | Citation Text |
| 35 | 31 | 20 | Amended Code | Citation Text |
| 35 | 5 | 228 | Amended Code | Citation Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=119&GAID=17&DocTypeID=SB&SessionID=112&GA=103 |
| Text | https://www.ilga.gov/legislation/103/SB/10300SB0119.htm |
