SB 2559

  • Illinois Senate Bill
  • 96th Regular Session
  • Introduced in Senate Mar 18, 2010
  • Passed Senate Mar 18, 2010
  • Passed House Dec 01, 2010
  • Became Law Jan 27, 2011

Historic Preservation Credit

Abstract

Creates the Historic Preservation Tax Credit Act. Provides for an income tax credit in an amount equal to 25% of qualified expenditures incurred by a qualified taxpayer for the restoration and preservation of a qualified historic structure. Provides that the credit may be carried forward for up to 10 years. Provides that the credit may be sold, assigned, conveyed, or transferred. Provides that the cumulative amount of credits awarded under the Act may not exceed $25,000,000 per year per county. Amends the Illinois Income Tax Act to make conforming changes. Effective immediately.

Bill Sponsors (12)

Votes


Actions


Jan 27, 2011

Senate

Public Act . . . . . . . . . 96-1512

Senate

Effective Date January 27, 2011

Senate

Governor Approved

Dec 17, 2010

Senate

Sent to the Governor

Dec 01, 2010

Senate

House Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Revenue; 007-000-000

Senate

House Committee Amendment No. 1 Motion to Concur Assignments Referred to Revenue

Senate

House Committee Amendment No. 1 Motion to Concur Referred to Assignments

Senate

House Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. Edward D. Maloney

Senate

Placed on Calendar Order of Concurrence House Amendment(s) 1 - December 2, 2010

Senate

Secretary's Desk - Concurrence House Amendment(s) 1

Senate

Chief Sponsor Changed to Sen. Edward D. Maloney

House

Third Reading - Short Debate - Passed 101-013-000

House

Added Alternate Chief Co-Sponsor Rep. Fred Crespo

Senate

Passed Both Houses

Senate

House Committee Amendment No. 1 Senate Concurs 056-000-000

Senate

House Committee Amendment No. 1 3/5 Vote Required

Nov 30, 2010

House

House Committee Amendment No. 1 Filed with Clerk by Revenue & Finance Committee

House

Alternate Chief Co-Sponsor Removed Rep. Dave Winters

House

Placed on Calendar Order of 3rd Reading - Short Debate

House

Second Reading - Short Debate

House

Placed on Calendar 2nd Reading - Short Debate

House

Do Pass as Amended / Short Debate Revenue & Finance Committee; 009-000-000

House

House Committee Amendment No. 1 Adopted in Revenue & Finance Committee; by Voice Vote

Nov 29, 2010

House

Added Alternate Co-Sponsor Rep. Mary E. Flowers

Nov 23, 2010

House

Assigned to Revenue & Finance Committee

House

Final Action Deadline Extended-9(b) January 11, 2011

Apr 23, 2010

House

Rule 19(a) / Re-referred to Rules Committee

Apr 22, 2010

House

Added Alternate Co-Sponsor Rep. Michael J. Zalewski

Apr 08, 2010

House

Assigned to Revenue & Finance Committee

Apr 02, 2010

House

Added Alternate Co-Sponsor Rep. Kenneth Dunkin

Mar 25, 2010

House

Added Alternate Co-Sponsor Rep. Careen M. Gordon

House

Added Alternate Chief Co-Sponsor Rep. Jay C. Hoffman

House

Added Alternate Chief Co-Sponsor Rep. Maria Antonia Berrios

House

Added Alternate Co-Sponsor Rep. Thomas Holbrook

House

Added Alternate Co-Sponsor Rep. Daniel V. Beiser

House

Added Alternate Co-Sponsor Rep. Michael K. Smith

House

Added Alternate Co-Sponsor Rep. Bill Mitchell

House

Added Alternate Co-Sponsor Rep. Karen A. Yarbrough

House

Added Alternate Co-Sponsor Rep. Lisa M. Dugan

House

Added Alternate Co-Sponsor Rep. Jack D. Franks

Mar 24, 2010

House

Added Alternate Chief Co-Sponsor Rep. Dave Winters

Mar 22, 2010

House

Added Alternate Chief Co-Sponsor Rep. Jehan A. Gordon

Mar 18, 2010

House

Referred to Rules Committee

House

Chief House Sponsor Rep. Greg Harris

House

Arrived in House

Senate

Third Reading - Passed; 048-006-000

Senate

Placed on Calendar Order of 3rd Reading

Senate

Senate Floor Amendment No. 1 Adopted; Koehler

Senate

Recalled to Second Reading

Senate

Added as Co-Sponsor Sen. Kyle McCarter

Senate

Added as Co-Sponsor Sen. Pamela J. Althoff

Senate

Added as Co-Sponsor Sen. Jeffrey M. Schoenberg

Senate

Added as Co-Sponsor Sen. Mattie Hunter

House

First Reading

House

Placed on Calendar Order of First Reading

Mar 17, 2010

Senate

Senate Floor Amendment No. 1 Recommend Do Adopt Commerce; 009-000-000

Senate

Added as Co-Sponsor Sen. Iris Y. Martinez

Senate

Added as Co-Sponsor Sen. Kirk W. Dillard

Mar 16, 2010

Senate

Added as Chief Co-Sponsor Sen. Don Harmon

Senate

Senate Floor Amendment No. 1 Assignments Refers to Commerce

Mar 12, 2010

Senate

Senate Floor Amendment No. 1 Referred to Assignments

Senate

Senate Floor Amendment No. 1 Filed with Secretary by Sen. David Koehler

Senate

Added as Chief Co-Sponsor Sen. Kwame Raoul

Mar 11, 2010

Senate

Placed on Calendar Order of 3rd Reading March 12, 2010

Senate

Second Reading

Mar 04, 2010

Senate

Do Pass Commerce; 009-000-000

Senate

Placed on Calendar Order of 2nd Reading March 9, 2010

Feb 18, 2010

Senate

Postponed - Commerce

Senate

Added as Co-Sponsor Sen. Michael Noland

Feb 10, 2010

Senate

Assigned to Commerce

Feb 09, 2010

Senate

Added as Chief Co-Sponsor Sen. Dale E. Risinger

Jan 13, 2010

Senate

Referred to Assignments

Senate

Filed with Secretary by Sen. David Koehler

Senate

First Reading

Bill Text

Bill Text Versions Format
Introduced HTML
Engrossed HTML
Enrolled HTML

Related Documents

Document Format
Public Act
House Amendment 001
Senate Amendment 001

Sources

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