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SB 2559 Illinois Senate · 96th Regular Session

HISTORIC PRESERVATION CREDIT

Summary
Creates the Historic Preservation Tax Credit Act. Provides for an income tax credit in an amount equal to 25% of qualified expenditures incurred by a qualified taxpayer for the restoration and preservation of a qualified historic structure. Provides that the credit may be carried forward for up to 10 years. Provides that the credit may be sold, assigned, conveyed, or transferred. Provides that the cumulative amount of credits awarded under the Act may not exceed $25,000,000 per year per county. Amends the Illinois Income Tax Act to make conforming changes. Effective immediately.
Bill status signed all 5 stages cleared
Introduction
Mar 2010
Committee Review
Dec 2010
Senate Passage
Dec 2010
House Passage
Dec 2010
Signed into Law
Jan 2011
Introduced Mar 18, 2010 Signed Jan 27, 2011
Floor votes · Senate Dec 1, 2010 · House Dec 1, 2010

How they voted

46–0
Passed · 3 other
Total votes 49
Dec 1, 2010
D Democratic30
29 Yea 1
96% Yea
R Republican19
17 Yea 2
89% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
74
Key actions
9
Committee
14
Amendments
8
Jan 27, 2011
Signed into law
Governor Approved
upper
Dec 1, 2010
Upper · Passed
Passed Both Houses
upper
Dec 1, 2010
Upper · Passed
House Committee Amendment No. 1 Senate Concurs 056-000-000
upper
Dec 1, 2010
Upper · Passed
House Committee Amendment No. 1 3/5 Vote Required
upper
Dec 1, 2010
Upper · Passed
House Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Revenue; 007-000-000
upper
Dec 1, 2010
Committee
House Committee Amendment No. 1 Motion to Concur Assignments Referred to Revenue
upper
Dec 1, 2010
Committee
House Committee Amendment No. 1 Motion to Concur Referred to Assignments
upper
Dec 1, 2010
Introduced
Placed on Calendar Order of Concurrence House Amendment(s) 1 - December 2, 2010
upper
Dec 1, 2010
Introduced
Secretary's Desk - Concurrence House Amendment(s) 1
upper
Nov 30, 2010
Lower · Passed
Do Pass as Amended / Short Debate Revenue & Finance Committee; 009-000-000
lower
Nov 30, 2010
Lower · Passed
House Committee Amendment No. 1 Adopted in Revenue & Finance Committee; by Voice Vote
lower
Nov 30, 2010
Introduced
House Committee Amendment No. 1 Filed with Clerk by Revenue & Finance Committee
lower
Nov 23, 2010
Committee
Assigned to Revenue & Finance Committee
lower
Apr 23, 2010
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Apr 8, 2010
Committee
Assigned to Revenue & Finance Committee
lower
Mar 18, 2010
Committee
Referred to Rules Committee
lower
Mar 18, 2010
Introduced
Arrived in House
lower
Mar 18, 2010
Upper · Passed
Senate Floor Amendment No. 1 Adopted; Koehler
upper
Mar 17, 2010
Introduced
Senate Floor Amendment No. 1 Recommend Do Adopt Commerce; 009-000-000
upper
Mar 16, 2010
Introduced
Senate Floor Amendment No. 1 Assignments Refers to Commerce
upper
Mar 12, 2010
Committee
Senate Floor Amendment No. 1 Referred to Assignments
upper
Mar 12, 2010
Introduced
Senate Floor Amendment No. 1 Filed with Secretary by Sen. David Koehler
upper
Mar 4, 2010
Upper · Passed
Do Pass Commerce; 009-000-000
upper
Feb 10, 2010
Committee
Assigned to Commerce
upper
Jan 13, 2010
Committee
Referred to Assignments
upper
0 primary · 11 co-sponsors

Sponsors

No sponsor information available.