Bill Status of SB2440 102nd General Assembly
Short Description: BUILD ILLINOIS HOMES CREDIT
Sen. Mattie Hunter - Jacqueline Y. Collins, Linda Holmes and Kimberly A. Lightford
| 4/16/2021||Senate||Rule 3-9(a) / Re-referred to Assignments|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Creates the Build Illinois Homes Tax Credit Act. Provides that the Illinois Housing Development Authority and the City of Chicago Department of Housing may allocate tax credits to the owners of qualified developments. Provides that the term "qualified development" means a qualified low-income housing project. Amends the Illinois Income Tax Act to make conforming changes. Effective immediately.