92nd General Assembly
Summary of HB0531
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House Sponsors:
TURNER,ART-MCKEON-FLOWERS-MILLER-BOLAND, FEIGENHOLTZ, 
   FRITCHEY, DELGADO AND YARBROUGH.

Short description: 
INC TAX-HOUSING DEVELOP CREDIT                                             

Synopsis of Bill as introduced:
        Amends the Illinois Income Tax Act and  the  Housing  Authorities      
   Act.   Allows taxpayers making donations to certain affordable housing      
   projects to take a tax credit for those donations.  Allows the  credit      
   to  be  carried  forward.   Allows  the  Illinois  Housing Development      
   Authority to reserve a specific amount of  tax  credits  for  approved      
   affordable   housing   projects.    Requires   the   Illinois  Housing      
   Development Authority to set eligibility  criteria  for  the  credits.      
   Limits  the  amount  of credits that may be used for employer-assisted      
   housing projects.  Contains other provisions.  Effective immediately.       
 
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 



 Full Text  Bill Status