91st General Assembly
Status of HB3492
   [ Home ]   [ Back ]   [ Legislation ]
Legislation:  
Please enter a bill number.



 Full Text  Bill Summary
TURNER,ART-SCOTT-CURRIE-MATHIAS-BASSI, MCKEON, 
   DAVIS,MONIQUE, FEIGENHOLTZ, GASH AND GARRETT.

   35 ILCS 5/214 new                                                           

        Amends the Illinois  Income  Tax  Act.   Creates  the  affordable      
   housing  assistance  tax  credit.  Grants a credit equal to 55% of the      
   taxpayer's affordable  housing  assistance  expenditures.   Allows  an      
   excess  credit  to be carried forward and applied to the succeeding 10      
   years.   Exempts  from  the  Act's  sunset  requirements.    Effective      
   immediately.                                                                
   00-01-20  H  FIRST READING                                                  
   00-01-20  H  ADDED AS A JOINT SPONSOR                 SCOTT                 
   00-01-20  H  ADDED AS A JOINT SPONSOR                 CURRIE                
   00-01-20  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   00-01-27  H  ADDED AS A JOINT SPONSOR                 MATHIAS               
   00-01-27  H  ADDED AS A JOINT SPONSOR                 BASSI                 
   00-01-27  H  ADDED AS A CO-SPONSOR                    MCKEON                
   00-01-27  H  ADDED AS A CO-SPONSOR                    SHARP                 
   00-01-27  H  ADDED AS A CO-SPONSOR                    DAVIS,MONIQUE         
   00-02-09  H  ADDED AS A CO-SPONSOR                    FEIGENHOLTZ           
   00-02-09  H  ADDED AS A CO-SPONSOR                    GASH                  
   00-03-08  H  ADDED AS A CO-SPONSOR                    GARRETT               
   01-01-09  H  SESSION SINE DIE                                               

   END OF INQUIRY 



 Full Text  Bill Summary