Bill Status of HB4636

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HB4636 - 104th General Assembly

NEW MARKETS-CREDITS
Last Action
2/26/2026 - House: To Tax Credit and Incentives Subcommittee
House Sponsors
Rep. Jay Hoffman
Statutes Amended In Order of Appearance
20 ILCS 663/15
20 ILCS 663/20
20 ILCS 663/25
20 ILCS 663/50
Synopsis As Introduced
Amends the New Markets Development Program Act. Provides that a credit under the Act may be transferred to an affiliate. Provides that the cap on credits is $37,000,000 for fiscal years beginning on or after July 1, 2029. Makes changes concerning the allocation schedule. Effective immediately.
Actions
Date Chamber Action
1/27/2026 House Filed with the Clerk by Rep. Jay Hoffman
2/03/2026 House First Reading
2/03/2026 House Referred to Rules Committee
2/11/2026 House Assigned to Revenue & Finance Committee
2/26/2026 House To Tax Credit and Incentives Subcommittee