HISTORIC REHAB TAX CREDIT Senate SponsorsSen. Dan Kotowski-Kirk W. Dillard-Pamela J. Althoff-Heather Steans-Michael W. Frerichs, Kimberly A. Lightford and Terry Link 1/12/2011SenateSession Sine Die New ActCreates 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. 2/10/2009SenateFiled with Secretary by Sen. Dan Kotowski 2/10/2009SenateFirst Reading 2/10/2009SenateReferred to Assignments 2/18/2009SenateAssigned to Revenue 3/5/2009SenateAdded as Chief Co-Sponsor Sen. Kirk W. Dillard 3/5/2009SenateAdded as Chief Co-Sponsor Sen. Pamela J. Althoff 3/6/2009SenateAdded as Chief Co-Sponsor Sen. Heather Steans 3/6/2009SenateAdded as Chief Co-Sponsor Sen. Michael W. Frerichs 3/10/2009SenateAdded as Co-Sponsor Sen. Kimberly A. Lightford 3/10/2009SenateAdded as Co-Sponsor Sen. Terry Link 3/12/2009SenateTo Revenue Subcommittee on Special Issues 3/13/2009SenateRule 3-9(a) / Re-referred to Assignments 4/3/2009SenateRule 2-10 Third Reading Deadline Established As April 30, 2009 4/30/2009SenateRule 2-10 Committee Deadline Established As May 31, 2009 4/30/2009SenateRule 2-10 Third Reading Deadline Established As May 31, 2009 1/12/2011SenateSession Sine Die