Illinois General Assembly - Bill Status for SB1848
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 Bill Status of SB1848  102nd General Assembly


Short Description:  REVENUE-BUILD ILLINOIS

Senate Sponsors
Sen. Mattie Hunter - Jacqueline Y. Collins

Last Action
DateChamber Action
  4/16/2021SenateRule 3-9(a) / Re-referred to Assignments

Statutes Amended In Order of Appearance
New Act
35 ILCS 5/232 new
215 ILCS 5/409from Ch. 73, par. 1021
215 ILCS 5/444from 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 (i) State income taxes and (ii) any privilege tax or retaliatory tax, penalty, fee, charge, or payment imposed under the Illinois Insurance Code. Amends the Illinois Income Tax Act and the Illinois Insurance Code to make conforming changes. Effective immediately.

Actions 
DateChamber Action
  2/26/2021SenateFiled with Secretary by Sen. Mattie Hunter
  2/26/2021SenateFirst Reading
  2/26/2021SenateReferred to Assignments
  3/12/2021SenateAdded as Chief Co-Sponsor Sen. Jacqueline Y. Collins
  3/16/2021SenateAssigned to Revenue
  4/16/2021SenateRule 3-9(a) / Re-referred to Assignments

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