HB4636 - 104th General Assembly (2025-2026)

NEW MARKETS-CREDITS
Last Action
2/11/2026 - House: Assigned to Revenue & Finance Committee
House Sponsors
Rep. Jay Hoffman
Hearings
Revenue & Finance Committee Hearing Feb 19 2026 8:00AM Stratton Building Room D-1 Springfield, IL ** Canceled **
Revenue & Finance Committee Hearing Feb 26 2026 8:00AM Stratton Building Room D-1 Springfield, IL
Statutes Amended In Order of Appearance
20 ILCS 663/15  
20 ILCS 663/20  
20 ILCS 663/25  
20 ILCS 663/50  
Synopsis As Introduced
Amends the New Markets Development Program Act. Provides that a credit under the Act may be transferred to an affiliate. Provides that the cap on credits is $37,000,000 for fiscal years beginning on or after July 1, 2029. Makes changes concerning the allocation schedule. Effective immediately.
Actions
DateChamberAction
1/27/2026HouseFiled with the Clerk by Rep. Jay Hoffman
2/03/2026HouseFirst Reading
2/03/2026HouseReferred to Rules Committee
2/11/2026HouseAssigned to Revenue & Finance Committee