2023-2024 Regular SessionIllinois Legislature

SB3233: BUILD ILLINOIS HOMES ACT

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.

Bill History

2/6/2024
Filed with Secretary by Sen. Robert Peters
Senate
2/6/2024
First Reading
Senate
2/6/2024
Referred to Assignments
Senate
2/14/2024
Assigned to Revenue
Senate
2/22/2024
Added as Co-Sponsor Sen. Ann Gillespie
Senate
2/23/2024
Added as Co-Sponsor Sen. Mike Simmons
Senate
2/23/2024
Added as Chief Co-Sponsor Sen. David Koehler
Senate
2/26/2024
Added as Co-Sponsor Sen. Doris Turner
Senate
2/26/2024
Added as Co-Sponsor Sen. Adriane Johnson
Senate
2/29/2024
Added as Co-Sponsor Sen. Rachel Ventura
Senate
3/13/2024
Added as Co-Sponsor Sen. Laura M. Murphy
Senate
3/14/2024
Added as Chief Co-Sponsor Sen. Mattie Hunter
Senate
3/15/2024
Rule 2-10 Committee Deadline Established As April 5, 2024
Senate
4/3/2024
Senate Committee Amendment No. 1 Filed with Secretary by Sen. Robert Peters
Senate
4/3/2024
Senate Committee Amendment No. 1 Referred to Assignments
Senate
4/5/2024
Rule 2-10 Committee Deadline Established As May 3, 2024
Senate
4/9/2024
Senate Committee Amendment No. 1 Assignments Refers to Revenue
Senate
4/11/2024
Added as Co-Sponsor Sen. Laura Fine
Senate
4/18/2024
Added as Co-Sponsor Sen. Linda Holmes
Senate
4/29/2024
Added as Co-Sponsor Sen. Cristina Castro
Senate
5/2/2024
Added as Co-Sponsor Sen. Erica Harriss
Senate
5/3/2024
Rule 3-9(a) / Re-referred to Assignments
Senate
5/3/2024
Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
Senate
5/6/2024
Added as Co-Sponsor Sen. Julie A. Morrison
Senate
5/15/2024
Added as Co-Sponsor Sen. Christopher Belt
Senate
5/15/2024
Added as Co-Sponsor Sen. Mike Porfirio
Senate
5/15/2024
Added as Co-Sponsor Sen. Steve Stadelman
Senate
5/16/2024
Added as Co-Sponsor Sen. Ram Villivalam
Senate

Amendments

Senate Amendment 001

Senate Amendment 001

4/3/2024Not Adopted