HB4870 - 104th General Assembly (2025-2026)

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
DateChamberAction
2/03/2026HouseFiled with the Clerk by Rep. Amy Elik
2/06/2026HouseFirst Reading
2/06/2026HouseReferred to Rules Committee