Bill Status of SB0119  103rd General Assembly

Short Description:  INC TX-HISTORIC PRESERVATION

Senate Sponsors
Sen. Steve Stadelman - David Koehler and Mattie Hunter

Last Action
DateChamber Action
  3/10/2023SenateRule 3-9(a) / Re-referred to Assignments

Statutes Amended In Order of Appearance
35 ILCS 5/228
35 ILCS 31/10
35 ILCS 31/20


Synopsis As Introduced
Amends the Historic Preservation Tax Credit Act. Extends the sunset of the credit to December 31, 2028 (currently, December 31, 2023). Provides that, in each calendar year beginning on or after January 1, 2024 and ending on or before December 31, 2028, the State Historic Preservation Office in the Department of Natural Resources is authorized to allocate $75,000,000 (currently, $15,000,000) in tax credits under the Act. Amends the Illinois Income Tax Act to make conforming changes. Effective immediately.

Actions 
DateChamber Action
  1/24/2023SenateFiled with Secretary by Sen. Steve Stadelman
  1/24/2023SenateFirst Reading
  1/24/2023SenateReferred to Assignments
  1/31/2023SenateAssigned to Revenue
  3/8/2023SenateAdded as Chief Co-Sponsor Sen. David Koehler
  3/10/2023SenateRule 3-9(a) / Re-referred to Assignments
  3/21/2023SenateAdded as Co-Sponsor Sen. Mattie Hunter