HISTORIC REHAB TAX CREDIT
Summary
Creates the Historic Rehabilitation Tax Credit Act. Authorizes tax credits against Illinois income taxes and insurance company privilege taxes for 25% of the costs of rehabilitating eligible historic property. Allows excess credits to be carried back and forward. Allows credits to be transferred, sold, or assigned. Administered by the Department of Commerce and Economic Opportunity. Sets forth application and award procedures. Effective July 1, 2009.
Bill status
failed
1 of 4 stages cleared
Introduction
Feb 2009
Committee Review
Floor Vote
Governor
Introduced Feb 10, 2009
Last action Jan 12, 2011
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
16
Key actions
0
Committee
5
Jan 12, 2011
Senate · Failed
Session Sine Die
Apr 30, 2009
Senate · Reported by committee
Rule 2-10 Committee Deadline Established As May 31, 2009
Mar 13, 2009
Senate · Referred to committee
Rule 3-9(a) / Re-referred to Assignments
Mar 12, 2009
Senate · Reported by committee
To Revenue Subcommittee on Special Issues
Feb 18, 2009
Senate · Referred to committee
Assigned to Revenue
Feb 10, 2009
Senate · Referred to committee
Referred to Assignments
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
Dan Kotowski
DDemocratic
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