Illinois General Assembly - Bill Status for SB3731

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Bill Status of SB3731 102nd General Assembly

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Short Description: BUILD ILLINOIS TAX CREDIT

Senate Sponsors
Sen. Mattie Hunter

Last Action

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

Statutes Amended In Order of Appearance

New Act

35 ILCS 5/232 new

215 ILCS 5/409

from Ch. 73, par. 1021

215 ILCS 5/444

from 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
1/21/2022	Senate	Filed with Secretary by Sen. Mattie Hunter
1/21/2022	Senate	First Reading
1/21/2022	Senate	Referred to Assignments
2/1/2022	Senate	Assigned to Revenue
2/10/2022	Senate	Rule 3-9(a) / Re-referred to Assignments
1/10/2023	Senate	Session Sine Die

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