Jehan Gordon-Booth
- Democratic
- Representative
- District 92
Primary
Creates the School Building Rehabilitation Tax Credit Act. Creates an income tax credit equal to 25% of the qualified expenditures incurred by a qualified taxpayer undertaking a qualified rehabilitation plan of a vacant school building. Provides that, to be eligible for the credit, the taxpayer must apply with the Department of Commerce and Economic Opportunity. Provides that the credit is subject to certain limitations. Amends the Illinois Income Tax Act to make conforming changes. Effective immediately.
No votes to display
Session Sine Die
Rule 19(a) / Re-referred to Rules Committee
To Income Tax Subcommittee
Assigned to Revenue & Finance Committee
Rule 19(a) / Re-referred to Rules Committee
Assigned to Revenue & Finance Committee
Filed with the Clerk by Rep. Jehan Gordon-Booth
Referred to Rules Committee
First Reading
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