Illinois General Assembly - Bill Status for HB0586

Synopsis As Introduced
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.

Actions

Date	Chamber	Action
2/5/2009	House	Filed with the Clerk by Rep. Greg Harris
2/6/2009	House	First Reading
2/6/2009	House	Referred to Rules Committee
2/11/2009	House	Assigned to Revenue & Finance Committee
2/20/2009	House	Added Co-Sponsor Rep. Jay C. Hoffman
3/13/2009	House	Rule 19(a) / Re-referred to Rules Committee
3/24/2009	House	Added Co-Sponsor Rep. Jehan A. Gordon
3/25/2009	House	Added Chief Co-Sponsor Rep. Thomas Holbrook
4/3/2009	House	Added Co-Sponsor Rep. Daniel V. Beiser
4/3/2009	House	Added Co-Sponsor Rep. Kay Hatcher