Bill Status of HB 5759   96th General Assembly


Short Description:  HISTORIC REHAB TAX CREDIT

House Sponsors
Rep. Jehan A. Gordon, Carol A. Sente and Anthony DeLuca

Last Action  View All Actions

DateChamber Action
  1/11/2011HouseSession Sine Die

Statutes Amended In Order of Appearance
New Act

Synopsis As Introduced
Creates the Historic Rehabilitation Tax Credit Act. Authorizes tax credits against Illinois income taxes and insurance company privilege taxes for 25% of the costs of rehabilitating eligible historic property. Allows excess credits to be carried back and forward. Allows credits to be transferred, sold, or assigned. Administered by the Department of Commerce and Economic Opportunity. Sets forth application and award procedures. Effective July 1, 2010.

Actions 
DateChamber Action
  2/9/2010HouseFiled with the Clerk by Rep. Jehan A. Gordon
  2/9/2010HouseFirst Reading
  2/9/2010HouseReferred to Rules Committee
  2/16/2010HouseAssigned to Revenue & Finance Committee
  2/18/2010HouseAdded Co-Sponsor Rep. Carol A. Sente
  3/2/2010HouseAdded Co-Sponsor Rep. Anthony DeLuca
  3/15/2010HouseRule 19(a) / Re-referred to Rules Committee
  1/11/2011HouseSession Sine Die

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