Date	Chamber	Action
1/10/2023	House	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 5/228

35 ILCS 31/5

35 ILCS 31/10

35 ILCS 31/20

Synopsis As Introduced
Amends the Historic Preservation Tax Credit Act. Provides that the aggregate amount of credits awarded under the Act to a particular taxpayer may not exceed $3,000,000. Provides that the total amount of expenditures must equal at least $5,000 and (currently, "or") exceed the adjusted basis of the structure. Provides that the taxpayer may not receive a credit under the Act and a River Edge redevelopment credit for the same qualified expenditures or rehabilitation plan. Makes changes concerning the allocation of credits. Makes various technical changes. Amends the Illinois Income Tax Act. Makes changes to the historic preservation credit to include limited liability companies. Effective immediately.

Actions 

Date	Chamber	Action
2/19/2021	House	Filed with the Clerk by Rep. Jehan Gordon-Booth
2/19/2021	House	First Reading
2/19/2021	House	Referred to Rules Committee
3/16/2021	House	Assigned to Revenue & Finance Committee
3/27/2021	House	Rule 19(a) / Re-referred to Rules Committee
1/10/2023	House	Session Sine Die

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