HB 2044 Illinois House · 103rd Regular Session

BUILD ILLINOIS TAX CREDIT

Summary

Creates the Build Illinois Homes Tax Credit Act. Provides that owners of qualified low-income housing developments are eligible for credits against the taxes imposed by the Illinois Income Tax Act or taxes, penalties, fees, charges, and payments imposed by the Illinois Insurance Code. Amends the Illinois Income Tax Act and the Illinois Insurance Code to make conforming changes. Effective immediately.

Bill status in committee 1 of 4 stages cleared

Introduction

Feb 2023

Committee Review

Floor Vote

Governor

Introduced Feb 1, 2023 Last action May 3, 2023

Floor votes

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No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Mar 10, 2023

Committee

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

lower

Mar 9, 2023

Lower · Passed

To Revenue - Tax Credit and Incentives Subcommittee

lower

Feb 28, 2023

Committee

Assigned to Revenue & Finance Committee

lower

Feb 7, 2023

Committee

Referred to Rules Committee

lower

1 primary · 17 co-sponsors

Sponsors

Role

Legislator

Party

State

District