Edward D. Maloney
- Democratic
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.
Public Act . . . . . . . . . 96-1512
Effective Date January 27, 2011
Governor Approved
Sent to the Governor
House Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Revenue; 007-000-000
House Committee Amendment No. 1 Motion to Concur Assignments Referred to Revenue
House Committee Amendment No. 1 Motion to Concur Referred to Assignments
House Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. Edward D. Maloney
Placed on Calendar Order of Concurrence House Amendment(s) 1 - December 2, 2010
Secretary's Desk - Concurrence House Amendment(s) 1
Chief Sponsor Changed to Sen. Edward D. Maloney
Third Reading - Short Debate - Passed 101-013-000
Added Alternate Chief Co-Sponsor Rep. Fred Crespo
Passed Both Houses
House Committee Amendment No. 1 Senate Concurs 056-000-000
House Committee Amendment No. 1 3/5 Vote Required
House Committee Amendment No. 1 Filed with Clerk by Revenue & Finance Committee
Alternate Chief Co-Sponsor Removed Rep. Dave Winters
Placed on Calendar Order of 3rd Reading - Short Debate
Second Reading - Short Debate
Placed on Calendar 2nd Reading - Short Debate
Do Pass as Amended / Short Debate Revenue & Finance Committee; 009-000-000
House Committee Amendment No. 1 Adopted in Revenue & Finance Committee; by Voice Vote
Added Alternate Co-Sponsor Rep. Mary E. Flowers
Assigned to Revenue & Finance Committee
Final Action Deadline Extended-9(b) January 11, 2011
Rule 19(a) / Re-referred to Rules Committee
Added Alternate Co-Sponsor Rep. Michael J. Zalewski
Assigned to Revenue & Finance Committee
Added Alternate Co-Sponsor Rep. Kenneth Dunkin
Added Alternate Co-Sponsor Rep. Careen M. Gordon
Added Alternate Chief Co-Sponsor Rep. Jay C. Hoffman
Added Alternate Chief Co-Sponsor Rep. Maria Antonia Berrios
Added Alternate Co-Sponsor Rep. Thomas Holbrook
Added Alternate Co-Sponsor Rep. Daniel V. Beiser
Added Alternate Co-Sponsor Rep. Michael K. Smith
Added Alternate Co-Sponsor Rep. Bill Mitchell
Added Alternate Co-Sponsor Rep. Karen A. Yarbrough
Added Alternate Co-Sponsor Rep. Lisa M. Dugan
Added Alternate Co-Sponsor Rep. Jack D. Franks
Added Alternate Chief Co-Sponsor Rep. Dave Winters
Added Alternate Chief Co-Sponsor Rep. Jehan A. Gordon
Referred to Rules Committee
Chief House Sponsor Rep. Greg Harris
Arrived in House
Third Reading - Passed; 048-006-000
Placed on Calendar Order of 3rd Reading
Senate Floor Amendment No. 1 Adopted; Koehler
Recalled to Second Reading
Added as Co-Sponsor Sen. Kyle McCarter
Added as Co-Sponsor Sen. Pamela J. Althoff
Added as Co-Sponsor Sen. Jeffrey M. Schoenberg
Added as Co-Sponsor Sen. Mattie Hunter
First Reading
Placed on Calendar Order of First Reading
Senate Floor Amendment No. 1 Recommend Do Adopt Commerce; 009-000-000
Added as Co-Sponsor Sen. Iris Y. Martinez
Added as Co-Sponsor Sen. Kirk W. Dillard
Added as Chief Co-Sponsor Sen. Don Harmon
Senate Floor Amendment No. 1 Assignments Refers to Commerce
Senate Floor Amendment No. 1 Referred to Assignments
Senate Floor Amendment No. 1 Filed with Secretary by Sen. David Koehler
Added as Chief Co-Sponsor Sen. Kwame Raoul
Placed on Calendar Order of 3rd Reading March 12, 2010
Second Reading
Do Pass Commerce; 009-000-000
Placed on Calendar Order of 2nd Reading March 9, 2010
Postponed - Commerce
Added as Co-Sponsor Sen. Michael Noland
Assigned to Commerce
Added as Chief Co-Sponsor Sen. Dale E. Risinger
Referred to Assignments
Filed with Secretary by Sen. David Koehler
First Reading
Bill Text Versions | Format |
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Introduced | HTML |
Engrossed | HTML |
Enrolled | HTML |
Document | Format |
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Public Act | |
House Amendment 001 | |
Senate Amendment 001 |
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