Bill Status of SB0062  104th General Assembly

Short Description:  BUILD ILLINOIS HOMES ACT

Senate Sponsors
Sen. Robert Peters - Patrick J. Joyce - Lakesia Collins - Graciela Guzmán, Mike Simmons, Cristina Castro, Laura M. Murphy, Adriane Johnson, Linda Holmes, Laura Fine, Mike Porfirio, Steve Stadelman, Paul Faraci, Sara Feigenholtz, Meg Loughran Cappel, David Koehler, Christopher Belt, Karina Villa, Chris Balkema and Kimberly A. Lightford

Last Action
DateChamber Action
  1/22/2025SenateAssigned to Revenue

Statutes Amended In Order of Appearance
New Act
35 ILCS 5/246 new
215 ILCS 5/409from Ch. 73, par. 1021
215 ILCS 5/444from Ch. 73, par. 1056


Synopsis As Introduced
Creates the Build Illinois Homes Tax Credit Act. Provides that owners of qualified low-income housing developments are eligible for credits against the taxes imposed by the Illinois Income Tax Act or taxes, penalties, fees, charges, and payments imposed by the Illinois Insurance Code. Amends the Illinois Income Tax Act and the Illinois Insurance Code to make conforming changes. Effective immediately.

Actions 
DateChamber Action
  1/13/2025SenateFiled with Secretary by Sen. Robert Peters
  1/13/2025SenateFirst Reading
  1/13/2025SenateReferred to Assignments
  1/14/2025SenateAdded as Chief Co-Sponsor Sen. Lakesia Collins
  1/22/2025SenateAssigned to Revenue
  2/11/2025SenateAdded as Co-Sponsor Sen. Mike Simmons
  2/18/2025SenateAdded as Co-Sponsor Sen. Cristina Castro
  2/19/2025SenateAdded as Co-Sponsor Sen. Laura M. Murphy
  2/25/2025SenateAdded as Chief Co-Sponsor Sen. Graciela Guzmán
  3/6/2025SenateAdded as Co-Sponsor Sen. Adriane Johnson
  3/21/2025SenateRule 2-10 Committee Deadline Established As April 11, 2025
  4/4/2025SenateAdded as Co-Sponsor Sen. Linda Holmes
  4/4/2025SenateAdded as Co-Sponsor Sen. Laura Fine
  4/4/2025SenateAdded as Co-Sponsor Sen. Mike Porfirio
  4/4/2025SenateAdded as Co-Sponsor Sen. Steve Stadelman
  4/10/2025SenateAdded as Co-Sponsor Sen. Paul Faraci
  4/10/2025SenateAdded as Co-Sponsor Sen. Sara Feigenholtz
  4/10/2025SenateAdded as Co-Sponsor Sen. Meg Loughran Cappel
  4/10/2025SenateAdded as Co-Sponsor Sen. David Koehler
  4/11/2025SenateAdded as Chief Co-Sponsor Sen. Patrick J. Joyce
  4/11/2025SenateRule 2-10 Committee Deadline Established As May 9, 2025
  4/30/2025SenateAdded as Co-Sponsor Sen. Christopher Belt
  5/1/2025SenateAdded as Co-Sponsor Sen. Karina Villa
  5/7/2025SenateAdded as Co-Sponsor Sen. Chris Balkema
  5/9/2025SenateRule 2-10 Committee/3rd Reading Deadline Established As May 23, 2025
  5/20/2025SenateAdded as Co-Sponsor Sen. Kimberly A. Lightford
  5/23/2025SenateRule 2-10 Committee/3rd Reading Deadline Established As June 1, 2025