Bill Status of SB 2922   103rd General Assembly

Short Description:  INC TX-HOUSING DEVELOPMENT

Senate Sponsors
Sen. Michael W. Halpin and David Koehler

Last Action  View All Actions

DateChamber Action
  5/3/2024SenateRule 3-9(a) / Re-referred to Assignments

Statutes Amended In Order of Appearance
35 ILCS 5/241 new

Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides a tax credit for certain developers of single-family residences that incur development costs and that sell or rent qualified residences to individuals who meet certain income thresholds. Sets forth the amount of the credit. Effective immediately.

Actions 
DateChamber Action
  1/26/2024SenateFiled with Secretary by Sen. Michael W. Halpin
  1/26/2024SenateFirst Reading
  1/26/2024SenateReferred to Assignments
  2/6/2024SenateAssigned to Revenue
  3/15/2024SenateAdded as Co-Sponsor Sen. David Koehler
  3/15/2024SenateRule 2-10 Committee Deadline Established As April 5, 2024
  4/5/2024SenateRule 2-10 Committee Deadline Established As May 3, 2024
  5/3/2024SenateRule 3-9(a) / Re-referred to Assignments

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