Bill Title: 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.

Spectrum: Slight Partisan Bill (Democrat 3-1)

Status: (Introduced) 2025-02-18 - Added Co-Sponsor Rep. Nabeela Syed [HB1147 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2025-01-08	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois HB1147

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois HB1147 currently on file.

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