Illinois General Assembly - Bill Status for SB2912
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 Bill Status of SB2912  103rd General Assembly

Short Description:  INC TX-HOUSING DEVELOPMENT

Senate Sponsors
Sen. Rachel Ventura

Last Action
DateChamber Action
  1/7/2025SenateSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/241 new
5 ILCS 100/5-45.55 new


Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates an income tax credit for qualified housing developers who incur development costs in the construction of new housing. Sets forth the amount of the credit. Effective immediately.

Actions 
DateChamber Action
  1/26/2024SenateFiled with Secretary by Sen. Rachel Ventura
  1/26/2024SenateFirst Reading
  1/26/2024SenateReferred to Assignments
  2/6/2024SenateAssigned to Revenue
  3/15/2024SenateRule 2-10 Committee Deadline Established As April 5, 2024
  4/5/2024SenateRule 2-10 Committee Deadline Established As May 3, 2024
  5/3/2024SenateRule 3-9(a) / Re-referred to Assignments
  1/7/2025SenateSession Sine Die

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