SB 1366

  • Illinois Senate Bill
  • 96th Regular Session
  • Introduced in Senate
  • Senate
  • House
  • Governor

Historic Rehab Tax Credit

Abstract

Creates the Historic Rehabilitation Tax Credit Act. Authorizes tax credits against Illinois income taxes and insurance company privilege taxes for 25% of the costs of rehabilitating eligible historic property. Allows excess credits to be carried back and forward. Allows credits to be transferred, sold, or assigned. Administered by the Department of Commerce and Economic Opportunity. Sets forth application and award procedures. Effective July 1, 2009.

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Jan 12, 2011

Senate

Session Sine Die

Apr 30, 2009

Senate

Rule 2-10 Third Reading Deadline Established As May 31, 2009

Senate

Rule 2-10 Committee Deadline Established As May 31, 2009

Apr 03, 2009

Senate

Rule 2-10 Third Reading Deadline Established As April 30, 2009

Mar 13, 2009

Senate

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

Mar 12, 2009

Senate

To Revenue Subcommittee on Special Issues

Mar 10, 2009

Senate

Added as Co-Sponsor Sen. Kimberly A. Lightford

Senate

Added as Co-Sponsor Sen. Terry Link

Mar 06, 2009

Senate

Added as Chief Co-Sponsor Sen. Heather Steans

Senate

Added as Chief Co-Sponsor Sen. Michael W. Frerichs

Mar 05, 2009

Senate

Added as Chief Co-Sponsor Sen. Kirk W. Dillard

Senate

Added as Chief Co-Sponsor Sen. Pamela J. Althoff

Feb 18, 2009

Senate

Assigned to Revenue

Feb 10, 2009

Senate

Filed with Secretary by Sen. Dan Kotowski

Senate

Referred to Assignments

Senate

First Reading

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