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HB 3025 Illinois House · 101st Regular Session

SCHOOL BUILDING REHABILITATION

Summary
Creates the School Building Rehabilitation Tax Credit Act. Creates an income tax credit equal to 25% of the qualified expenditures incurred by a qualified taxpayer undertaking a qualified rehabilitation plan of a vacant school building. Provides that, to be eligible for the credit, the taxpayer must apply with the Department of Revenue. Provides that the credit is subject to certain limitations. Amends the Illinois Income Tax Act to make conforming changes. Effective immediately.
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2019
Committee Review
Floor Vote
Governor
Introduced Feb 15, 2019 Last action Mar 29, 2019
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
11
Key actions
0
Committee
7
Amendments
1
Mar 29, 2019
House · Referred to committee
House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
Mar 29, 2019
House · Referred to committee
Rule 19(a) / Re-referred to Rules Committee
Mar 26, 2019
House · Reported by committee
House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
Mar 22, 2019
House · Referred to committee
House Committee Amendment No. 1 Referred to Rules Committee
Mar 22, 2019
House · Amendment offered
House Committee Amendment No. 1 Filed with Clerk by Rep. Jehan Gordon-Booth
Mar 6, 2019
House · Reported by committee
To Income Tax Subcommittee
Feb 26, 2019
House · Referred to committee
Assigned to Revenue & Finance Committee
Feb 15, 2019
House · Referred to committee
Referred to Rules Committee
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.