IL SB1711 | 2021-2022 | 102nd General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 6-0)
Status: Passed on May 6 2022 - 100% progression
Action: 2022-05-06 - Public Act . . . . . . . . . 102-0741
Text: Latest bill text (Chaptered) [HTML]
Spectrum: Partisan Bill (Democrat 6-0)
Status: Passed on May 6 2022 - 100% progression
Action: 2022-05-06 - Public Act . . . . . . . . . 102-0741
Text: Latest bill text (Chaptered) [HTML]
Summary
Amends the Historic Preservation Tax Credit Act. Provides that the aggregate amount of the credit may not exceed $3,000,000. Provides that credits may be awarded upon completion of the project and approval of a complete application (currently, review of the project). Provides that the taxpayer is not eligible to receive credits under that Act and as qualified River Edge Redevelopment Zone property for the same qualified expenditures or qualified rehabilitation plan. Makes various technical corrections concerning allocation of credits. Amends the Illinois Income Tax Act with respect to the Historic Preservation Tax Credit to include provisions concerning limited liability companies. Effective immediately.
Title
INC TX-HISTORIC PRESERVATION
Sponsors
Sen. Cristina Castro [D] | Sen. Elgie Sims [D] | Sen. Mattie Hunter [D] | Sen. Celina Villanueva [D] |
Sen. Karina Villa [D] | Rep. Maura Hirschauer [D] |
Roll Calls
2022-03-23 - House - Third Reading in House (Y: 112 N: 0 NV: 0 Abs: 2) [PASS]
2021-04-23 - Senate - Third Reading in Senate (Y: 58 N: 0 NV: 1 Abs: 0) [PASS]
2021-04-23 - Senate - Third Reading in Senate (Y: 58 N: 0 NV: 1 Abs: 0) [PASS]
History
Date | Chamber | Action |
---|---|---|
2022-05-06 | Senate | Public Act . . . . . . . . . 102-0741 |
2022-05-06 | Senate | Effective Date May 6, 2022 |
2022-05-06 | Senate | Governor Approved |
2022-04-21 | Senate | Sent to the Governor |
2022-03-23 | Senate | Passed Both Houses |
2022-03-23 | House | Third Reading - Short Debate - Passed 112-000-000 |
2022-03-22 | House | Placed on Calendar Order of 3rd Reading - Short Debate |
2022-03-22 | House | Second Reading - Short Debate |
2022-02-18 | House | Placed on Calendar 2nd Reading - Short Debate |
2022-02-17 | House | Do Pass / Short Debate Revenue & Finance Committee; 018-000-000 |
2022-02-17 | House | Reported Back To Revenue & Finance Committee; |
2022-02-17 | House | Recommends Do Pass Subcommittee/ Revenue & Finance Committee; 006-000-000 |
2022-02-03 | House | To Income Tax Subcommittee |
2022-01-11 | House | Assigned to Revenue & Finance Committee |
2021-05-15 | House | Rule 19(a) / Re-referred to Rules Committee |
2021-05-05 | House | Assigned to Revenue & Finance Committee |
2021-05-04 | House | Referred to Rules Committee |
2021-05-04 | House | First Reading |
2021-05-04 | House | Chief House Sponsor Rep. Maura Hirschauer |
2021-04-26 | House | Arrived in House |
2021-04-23 | Senate | Third Reading - Passed; 058-000-000 |
2021-04-22 | Senate | Added as Co-Sponsor Sen. Karina Villa |
2021-04-22 | Senate | Added as Co-Sponsor Sen. Celina Villanueva |
2021-04-22 | Senate | Added as Co-Sponsor Sen. Mattie Hunter |
2021-04-21 | Senate | Added as Co-Sponsor Sen. Elgie R. Sims, Jr. |
2021-04-20 | Senate | Placed on Calendar Order of 3rd Reading April 21, 2021 |
2021-04-20 | Senate | Second Reading |
2021-04-15 | Senate | Placed on Calendar Order of 2nd Reading April 20, 2021 |
2021-04-15 | Senate | Do Pass as Amended Revenue; 008-000-000 |
2021-04-14 | Senate | Senate Committee Amendment No. 1 Adopted |
2021-04-13 | Senate | Senate Committee Amendment No. 1 Assignments Refers to Revenue |
2021-04-08 | Senate | Senate Committee Amendment No. 1 Referred to Assignments |
2021-04-08 | Senate | Senate Committee Amendment No. 1 Filed with Secretary by Sen. Cristina Castro |
2021-03-09 | Senate | Assigned to Revenue |
2021-02-26 | Senate | Referred to Assignments |
2021-02-26 | Senate | First Reading |
2021-02-26 | Senate | Filed with Secretary by Sen. Cristina Castro |
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
35 | 31 | 10 | Amended Code | Citation Text |
35 | 31 | 20 | Amended Code | Citation Text |
35 | 31 | 25 | Amended Code | Citation Text |
35 | 31 | 5 | Amended Code | Citation Text |
35 | 5 | 228 | Amended Code | Citation Text |