SB3738 - 104th General Assembly (2025-2026)

REVENUE-AFFORDABLE HOUSING
Last Action
2/24/2026 - Senate: Assigned to Revenue
Statutes Amended In Order of Appearance
20 ILCS 3805/7.28  
35 ILCS 5/214  
Synopsis As Introduced
Amends the Illinois Housing Development Act and the Illinois Income Tax Act. Provides that the amount of credits awarded under the affordable housing tax donation program is limited to $41,831,227 in State fiscal year 2027 and shall increase by 10% each fiscal year thereafter (currently, $32,850,352 in State fiscal years 2022 and 2023 increased by 5% each fiscal year thereafter). Provides that the affordable housing donation income tax credit applies through the taxable year ending on December 31, 2036 (currently, December 31, 2026). Effective immediately.
Actions
DateChamberAction
2/05/2026SenateFiled with Secretary by Sen. Mike Porfirio
2/05/2026SenateFirst Reading
2/05/2026SenateReferred to Assignments
2/24/2026SenateAssigned to Revenue
3/13/2026SenateRule 2-10 Committee Deadline Established As April 24, 2026
4/06/2026SenateAdded as Co-Sponsor Sen. Mark L. Walker
4/15/2026SenateAdded as Co-Sponsor Sen. Karina Villa
4/16/2026SenateAdded as Co-Sponsor Sen. David Koehler
4/16/2026SenateAdded as Co-Sponsor Sen. Mike Simmons
4/17/2026SenateAdded as Co-Sponsor Sen. Dave Syverson
4/17/2026SenateAdded as Co-Sponsor Sen. Emil Jones, III
4/24/2026SenateRule 2-10 Committee/3rd Reading Deadline Established As May 15, 2026