Date	Chamber	Action
12/3/2014	House	Session Sine Die

Statutes Amended In Order of Appearance

New Act

35 ILCS 5/224 new

215 ILCS 5/409

from Ch. 73, par. 1021

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. Provides that the credit is administered by the Department of Commerce and Economic Opportunity. Sets forth application and award procedures. Makes related changes in the Illinois Income Tax Act and the Illinois Insurance Code. Effective July 1, 2013.

Actions 

Date	Chamber	Action
1/10/2013	House	Filed with the Clerk by Rep. Greg Harris
1/10/2013	House	First Reading
1/10/2013	House	Referred to Rules Committee
1/28/2013	House	Added Co-Sponsor Rep. La Shawn K. Ford
1/30/2013	House	Assigned to Revenue & Finance Committee
1/31/2013	House	Added Chief Co-Sponsor Rep. Daniel V. Beiser
2/21/2013	House	Added Co-Sponsor Rep. Eddie Lee Jackson, Sr.
2/26/2013	House	Added Co-Sponsor Rep. Maria Antonia Berrios
2/27/2013	House	Added Chief Co-Sponsor Rep. Elgie R. Sims, Jr.
2/27/2013	House	Chief Co-Sponsor Changed to Rep. Elgie R. Sims, Jr.
3/1/2013	House	Added Co-Sponsor Rep. Robert F. Martwick
3/5/2013	House	Added Chief Co-Sponsor Rep. Monique D. Davis
3/5/2013	House	Chief Co-Sponsor Changed to Rep. Monique D. Davis
3/7/2013	House	Added Co-Sponsor Rep. Emanuel Chris Welch
3/13/2013	House	Added Co-Sponsor Rep. Patrick J. Verschoore
3/22/2013	House	Rule 19(a) / Re-referred to Rules Committee
12/3/2014	House	Session Sine Die

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