SB 119

  • Illinois Senate Bill
  • 103rd Regular Session
  • Introduced in Senate
  • Senate
  • House
  • Governor

Inc Tx-Historic Preservation

Abstract

Amends the Historic Preservation Tax Credit Act. Extends the sunset of the credit to December 31, 2028 (currently, December 31, 2023). Provides that, in each calendar year beginning on or after January 1, 2024 and ending on or before December 31, 2028, the State Historic Preservation Office in the Department of Natural Resources is authorized to allocate $75,000,000 (currently, $15,000,000) in tax credits under the Act. Amends the Illinois Income Tax Act to make conforming changes. Effective immediately.

Bill Sponsors (3)

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Mar 21, 2023

Senate

Added as Co-Sponsor Sen. Mattie Hunter

Mar 10, 2023

Senate

Rule 3-9(a) / Re-referred to Assignments

Mar 08, 2023

Senate

Added as Chief Co-Sponsor Sen. David Koehler

Jan 31, 2023

Senate

Assigned to Revenue

Jan 24, 2023

Senate

Filed with Secretary by Sen. Steve Stadelman

Senate

Referred to Assignments

Senate

First Reading

Bill Text

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