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SB0062 - 104th General Assembly
BUILD ILLINOIS HOMES ACT
Last Action
Senate Sponsors
Sen. Robert Peters - Patrick J. Joyce - Lakesia Collins - Graciela Guzmán, Mike Simmons, Cristina Castro, Laura M. Murphy, Adriane Johnson, Linda Holmes, Laura Fine, Mike Porfirio, Steve Stadelman, Paul Faraci, Sara Feigenholtz, Meg Loughran Cappel, David Koehler, Christopher Belt, Karina Villa, Chris Balkema and Kimberly A. LightfordStatutes Amended In Order of Appearance
New Act
35 ILCS 5/246 new
215 ILCS 5/409from Ch. 73, par. 1021
215 ILCS 5/444from Ch. 73, par. 1056
Synopsis As Introduced
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.
Actions
| Date | Chamber | Action |
|---|---|---|
| 1/13/2025 | Senate | Filed with Secretary by Sen. Robert Peters |
| 1/13/2025 | Senate | First Reading |
| 1/13/2025 | Senate | Referred to Assignments |
| 1/14/2025 | Senate | Added as Chief Co-Sponsor Sen. Lakesia Collins |
| 1/22/2025 | Senate | Assigned to Revenue |
| 2/11/2025 | Senate | Added as Co-Sponsor Sen. Mike Simmons |
| 2/18/2025 | Senate | Added as Co-Sponsor Sen. Cristina Castro |
| 2/19/2025 | Senate | Added as Co-Sponsor Sen. Laura M. Murphy |
| 2/25/2025 | Senate | Added as Chief Co-Sponsor Sen. Graciela Guzmán |
| 3/06/2025 | Senate | Added as Co-Sponsor Sen. Adriane Johnson |
| 3/21/2025 | Senate | Rule 2-10 Committee Deadline Established As April 11, 2025 |
| 4/04/2025 | Senate | Added as Co-Sponsor Sen. Linda Holmes |
| 4/04/2025 | Senate | Added as Co-Sponsor Sen. Laura Fine |
| 4/04/2025 | Senate | Added as Co-Sponsor Sen. Mike Porfirio |
| 4/04/2025 | Senate | Added as Co-Sponsor Sen. Steve Stadelman |
| 4/10/2025 | Senate | Added as Co-Sponsor Sen. Paul Faraci |
| 4/10/2025 | Senate | Added as Co-Sponsor Sen. Sara Feigenholtz |
| 4/10/2025 | Senate | Added as Co-Sponsor Sen. Meg Loughran Cappel |
| 4/10/2025 | Senate | Added as Co-Sponsor Sen. David Koehler |
| 4/11/2025 | Senate | Added as Chief Co-Sponsor Sen. Patrick J. Joyce |
| 4/11/2025 | Senate | Rule 2-10 Committee Deadline Established As May 9, 2025 |
| 4/30/2025 | Senate | Added as Co-Sponsor Sen. Christopher Belt |
| 5/01/2025 | Senate | Added as Co-Sponsor Sen. Karina Villa |
| 5/07/2025 | Senate | Added as Co-Sponsor Sen. Chris Balkema |
| 5/09/2025 | Senate | Rule 2-10 Committee/3rd Reading Deadline Established As May 23, 2025 |
| 5/20/2025 | Senate | Added as Co-Sponsor Sen. Kimberly A. Lightford |
| 5/23/2025 | Senate | Rule 2-10 Committee/3rd Reading Deadline Established As June 1, 2025 |
| 6/02/2025 | Senate | Rule 3-9(a) / Re-referred to Assignments |