HB 5554

  • Illinois House Bill
  • 101st Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Revenue-Build Illinois Homes

Abstract

Creates the Build Illinois Homes Tax Credit Act. Provides that the Illinois Housing Development Authority and the City of Chicago Department of Housing may award credits for certain qualified low-income housing projects. Provides that the credits may be taken against any or all of the following: (i) the taxes imposed by the Illinois Income Tax Act; or (ii) any retaliatory or privilege tax imposed by the Illinois Insurance Code. Amends the Illinois Income Tax Act and the Illinois Insurance Code to make conforming changes. Effective immediately.

Bill Sponsors (11)

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Sep 24, 2020

House

Added Co-Sponsor Rep. Barbara Hernandez

Sep 22, 2020

House

Added Co-Sponsor Rep. Maurice A. West, II

Jun 23, 2020

House

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

Mar 13, 2020

House

Added Co-Sponsor Rep. Jonathan Carroll

Mar 03, 2020

House

Assigned to Revenue & Finance Committee

Feb 27, 2020

House

Added Co-Sponsor Rep. Elizabeth Hernandez

Feb 26, 2020

House

Added Co-Sponsor Rep. Lindsey LaPointe

House

Added Co-Sponsor Rep. Theresa Mah

House

Added Co-Sponsor Rep. Emanuel Chris Welch

House

Added Chief Co-Sponsor Rep. Michael J. Zalewski

Feb 21, 2020

House

Added Co-Sponsor Rep. Margo McDermed

Feb 20, 2020

House

Added Chief Co-Sponsor Rep. Tom Demmer

Feb 18, 2020

House

Referred to Rules Committee

House

First Reading

Feb 14, 2020

House

Filed with the Clerk by Rep. Delia C. Ramirez

Bill Text

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Sources

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