SB 119 Illinois Senate · 103rd Regular Session

INC TX-HISTORIC PRESERVATION

Summary

Amends the Historic Preservation Tax Credit Act. Extends the sunset of the credit to December 31, 2028 (currently, December 31, 2023). Provides that, in each calendar year beginning on or after January 1, 2024 and ending on or before December 31, 2028, the State Historic Preservation Office in the Department of Natural Resources is authorized to allocate $75,000,000 (currently, $15,000,000) in tax credits under the Act. Amends the Illinois Income Tax Act to make conforming changes. Effective immediately.

Bill status in committee 1 of 4 stages cleared

Introduction

Jan 2023

Committee Review

Floor Vote

Governor

Introduced Jan 24, 2023 Last action Mar 21, 2023

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Full legislative history

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Key actions

Committee

Mar 10, 2023

Committee

Rule 3-9(a) / Re-referred to Assignments

lower

Jan 31, 2023

Committee

Assigned to Revenue

lower

Jan 24, 2023

Committee

Referred to Assignments

lower

1 primary · 2 co-sponsors