Bill Title: 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.

Spectrum: Partisan Bill (Democrat 6-0)

Status: (Passed) 2022-05-06 - Public Act . . . . . . . . . 102-0741 [SB1711 Detail]

Text: Latest bill text (Chaptered) [HTML]

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Voting Records

Chamber	Vote	Date	Yea	Nay	NV	Abs	Total	Result	Source	View
House	Third Reading in House	2022-03-23	112	0	0	2	114	Passed	Link	View
Senate	Third Reading in Senate	2021-04-23	58	0	1	0	59	Passed	Link	View

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