Bill Status of HB 5554   101st General Assembly

Short Description:  REVENUE-BUILD ILLINOIS HOMES

House Sponsors
Rep. Delia C. Ramirez-Tom Demmer-Michael J. Zalewski, Margo McDermed, Theresa Mah, Emanuel Chris Welch, Lindsey LaPointe, Elizabeth Hernandez, Jonathan Carroll, Maurice A. West, II and Barbara Hernandez

Last Action  View All Actions

DateChamber Action
  1/13/2021HouseSession Sine Die

Statutes Amended In Order of Appearance
New Act
35 ILCS 5/232 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 the Illinois Housing Development Authority and the City of Chicago Department of Housing may award credits for certain qualified low-income housing projects. Provides that the credits may be taken against any or all of the following: (i) the taxes imposed by the Illinois Income Tax Act; or (ii) any retaliatory or privilege tax imposed by the Illinois Insurance Code. Amends the Illinois Income Tax Act and the Illinois Insurance Code to make conforming changes. Effective immediately.

Actions 
DateChamber Action
  2/14/2020HouseFiled with the Clerk by Rep. Delia C. Ramirez
  2/18/2020HouseFirst Reading
  2/18/2020HouseReferred to Rules Committee
  2/20/2020HouseAdded Chief Co-Sponsor Rep. Tom Demmer
  2/21/2020HouseAdded Co-Sponsor Rep. Margo McDermed
  2/26/2020HouseAdded Co-Sponsor Rep. Theresa Mah
  2/26/2020HouseAdded Co-Sponsor Rep. Emanuel Chris Welch
  2/26/2020HouseAdded Co-Sponsor Rep. Lindsey LaPointe
  2/26/2020HouseAdded Chief Co-Sponsor Rep. Michael J. Zalewski
  2/27/2020HouseAdded Co-Sponsor Rep. Elizabeth Hernandez
  3/3/2020HouseAssigned to Revenue & Finance Committee
  3/13/2020HouseAdded Co-Sponsor Rep. Jonathan Carroll
  6/23/2020HouseRule 19(b) / Re-referred to Rules Committee
  9/22/2020HouseAdded Co-Sponsor Rep. Maurice A. West, II
  9/24/2020HouseAdded Co-Sponsor Rep. Barbara Hernandez
  1/13/2021HouseSession Sine Die

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