2021-2022 Regular SessionIllinois Legislature

HB4596: BUILD ILLINOIS TAX CREDIT

Legislative Summary

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.

Demographic Impact

Overall analysis of equity impact

80% Positive
High ConfidenceView detailed demographic breakdown ↓

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Bill History

1/18/2022
Filed with the Clerk by Rep. Delia C. Ramirez
House of Representatives
1/20/2022
Added Chief Co-Sponsor Rep. Dagmara Avelar
House of Representatives
1/21/2022
First Reading
House of Representatives
1/21/2022
Referred to Rules Committee
House of Representatives
1/27/2022
Added Chief Co-Sponsor Rep. Tom Demmer
House of Representatives
2/9/2022
Assigned to Revenue & Finance Committee
House of Representatives
2/15/2022
To Income Tax Subcommittee
House of Representatives
2/18/2022
Rule 19(a) / Re-referred to Rules Committee
House of Representatives

Status Information

Current Status
Introduced(1/18/2022)
Chamber
House of Representatives
Committee
Rules(House of Representatives)

Sponsors

Democrat: 2
Republican: 1

Primary Sponsor

Delia Ramirez
Delia Ramirez
Democrat

Documents

Introduced
Bill Text1/18/202299.0 KB