Illinois General Assembly - Bill Status for HB3582
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 Bill Status of HB3582  97th General Assembly


House Sponsors
Rep. Jehan A. Gordon and Charles E. Jefferson

Last Action
DateChamber Action
  1/8/2013HouseSession Sine Die

Statutes Amended In Order of Appearance
30 ILCS 105/5.786 new
35 ILCS 5/221 new
65 ILCS 115/10-2
65 ILCS 115/10-5.3

Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates a credit in an amount equal to 25% of qualified expenditures incurred by a qualified taxpayer during the taxable year in the restoration and preservation of a qualified historic structure located in a River Edge Redevelopment Zone pursuant to a qualified rehabilitation plan. Defines "qualified taxpayer, "qualified historic structure", and "qualified rehabilitation plan". Provides that the credit may be carried forward until the tenth taxable year after the qualified rehabilitation plan was placed in service. Amends the River Edge Redevelopment Zone Act. Provides that, until December 31, 2012, the Department may certify one additional River Edge Redevelopment Zone in the City of Peoria. Effective immediately.

DateChamber Action
  2/24/2011HouseFiled with the Clerk by Rep. Jehan A. Gordon
  2/24/2011HouseFirst Reading
  2/24/2011HouseReferred to Rules Committee
  3/3/2011HouseAssigned to Revenue & Finance Committee
  3/17/2011HouseRule 19(a) / Re-referred to Rules Committee
  3/1/2012HouseAdded Co-Sponsor Rep. Charles E. Jefferson
  1/8/2013HouseSession Sine Die

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