Bill Status of HB4870

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HB4870 - 104th General Assembly

PRESERVING NEIGHBORHOODS ACT
Last Action
2/06/2026 - House: Referred to Rules Committee
House Sponsors
Rep. Amy Elik
Statutes Amended In Order of Appearance
New Act
35 ILCS 5/246 new
Synopsis As Introduced
Creates the Preserving Illinois Neighborhoods Act. Provides that, for taxable years that begin on or after January 1, 2027 and end on or before December 31, 2032, qualified taxpayers who incur qualified new construction expenditures or qualified rehabilitation expenditures during the taxable year are entitled to a credit. Effective immediately.
Actions
Date Chamber Action
2/03/2026 House Filed with the Clerk by Rep. Amy Elik
2/06/2026 House First Reading
2/06/2026 House Referred to Rules Committee