HB 3123 Illinois House · 102nd Regular Session

REVENUE-BUILD ILLINOIS

Summary

Creates the Build Illinois Homes Tax Credit Act. Provides that owners of qualified low-income housing developments are eligible for credits against (i) State income taxes and (ii) any privilege tax or retaliatory tax, penalty, fee, charge, or payment imposed under the Illinois Insurance Code. Amends the Illinois Income Tax Act and the Illinois Insurance Code to make conforming changes. Effective immediately.

Bill status failed 1 of 4 stages cleared

Introduction

Feb 2021

Committee Review

Floor Vote

Governor

Introduced Feb 18, 2021 Last action Jan 10, 2023

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

39

Key actions

1

Committee

6

Amendments

1

Mar 27, 2021

Committee

House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee

lower

Mar 27, 2021

Committee

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

lower

Mar 23, 2021

Lower · Passed

House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee

lower

Mar 22, 2021

Committee

House Committee Amendment No. 1 Referred to Rules Committee

lower

Mar 22, 2021

Introduced

House Committee Amendment No. 1 Filed with Clerk by Rep. Delia C. Ramirez

lower

Mar 16, 2021

Committee

Assigned to Revenue & Finance Committee

lower

Feb 19, 2021

Committee

Referred to Rules Committee

lower

1 primary · 29 co-sponsors

Sponsors

Role

Legislator

Party

State

District

Delia C. Ramirez

Angie Guerrero-Cuellar

Barbara Hernandez

Deanne M. Mazzochi

Edgar González

Emanuel Chris Welch