Illinois General Assembly - Bill Status for HB3025
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 Bill Status of HB3025  101st General Assembly


Short Description:  SCHOOL BUILDING REHABILITATION

House Sponsors
Rep. Jehan Gordon-Booth - Arthur Turner

Last Action
DateChamber Action
  1/13/2021HouseSession Sine Die

Statutes Amended In Order of Appearance
New Act
35 ILCS 5/229 new


Synopsis As Introduced
Creates the School Building Rehabilitation Tax Credit Act. Creates an income tax credit equal to 25% of the qualified expenditures incurred by a qualified taxpayer undertaking a qualified rehabilitation plan of a vacant school building. Provides that, to be eligible for the credit, the taxpayer must apply with the Department of Revenue. Provides that the credit is subject to certain limitations. Amends the Illinois Income Tax Act to make conforming changes. Effective immediately.

Actions 
DateChamber Action
  2/15/2019HouseFiled with the Clerk by Rep. Jehan Gordon-Booth
  2/15/2019HouseFirst Reading
  2/15/2019HouseReferred to Rules Committee
  2/26/2019HouseAssigned to Revenue & Finance Committee
  3/6/2019HouseTo Income Tax Subcommittee
  3/22/2019HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Jehan Gordon-Booth
  3/22/2019HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  3/26/2019HouseHouse Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
  3/27/2019HouseAdded Chief Co-Sponsor Rep. Arthur Turner
  3/29/2019HouseRule 19(a) / Re-referred to Rules Committee
  3/29/2019HouseHouse Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
  1/13/2021HouseSession Sine Die

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