Illinois General Assembly - Bill Status for SB0602
Illinois General Assembly
  Home     Legislation & Laws     Senate     House     My Legislation     Site Map    

Previous General Assemblies

 Bill Status of SB0602  93rd General Assembly

Short Description:  INC TX-CREDIT-HISTORC RESOURCE

Senate Sponsors
Sen. Kirk W. Dillard

Last Action
DateChamber Action
  1/11/2005SenateSession Sine Die

Statutes Amended In Order of Appearance
20 ILCS 3504/14.1 new
35 ILCS 5/213 new


Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates the rehabilitation of historic resource credit. Allows a credit against income taxes for 25% of the qualified expenditures for the rehabilitation of a historic resource. Provides that "historic resource" means certain publicly or privately owned historic buildings, structures, sites, objects, features, or open spaces located within a designated historic district or individually designated as historic. Provides that "qualified expenditures" means capital expenditures that qualify for a rehabilitation credit under Internal Revenue Code. Amends the Historic Preservation Agency Act to provide that the Historic Preservation Agency shall exercise all rights, powers, and duties set forth in the credit provisions. Effective immediately.

Actions 
DateChamber Action
  2/18/2003SenateFiled with Secretary by Sen. Kirk W. Dillard
  2/18/2003SenateFirst Reading
  2/18/2003SenateReferred to Rules
  2/19/2003SenateAssigned to Revenue
  2/27/2003SenatePostponed - Revenue
  3/6/2003SenateTo Subcommittee
  3/14/2003SenateRule 3-9(a) / Re-referred to Rules
  1/11/2005SenateSession Sine Die

Back To Top

Home | Legislation & Laws | House | Senate | My Legislation | Disclaimers | Email

  Legislative Information System logo This site is maintained for the Illinois General Assembly by the
Legislative Information System, 705 Stratton Building, Springfield, Illinois 62706
Contact ILGA Webmaster