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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.
Introduced
Jan 13, 2025
Last Action
Mar 13, 2026
Session
IL 104th
Sponsors
1 primary · 19 co
Rule 2-10 Committee Deadline Established As April 24, 2026
Re-assigned to Revenue
Rule 3-9(a) / Re-referred to Assignments
Rule 2-10 Committee/3rd Reading Deadline Established As June 1, 2025
Added as Co-Sponsor Sen. Kimberly A. Lightford
Rule 2-10 Committee/3rd Reading Deadline Established As May 23, 2025
Added as Co-Sponsor Sen. Chris Balkema
Added as Co-Sponsor Sen. Karina Villa
Added as Co-Sponsor Sen. Christopher Belt
Rule 2-10 Committee Deadline Established As May 9, 2025
Added as Chief Co-Sponsor Sen. Patrick J. Joyce
Added as Co-Sponsor Sen. Paul Faraci
Added as Co-Sponsor Sen. Sara Feigenholtz
Added as Co-Sponsor Sen. Meg Loughran Cappel
Added as Co-Sponsor Sen. David Koehler
Added as Co-Sponsor Sen. Steve Stadelman
Added as Co-Sponsor Sen. Mike Porfirio
Added as Co-Sponsor Sen. Laura Fine
Added as Co-Sponsor Sen. Linda Holmes
Rule 2-10 Committee Deadline Established As April 11, 2025
Added as Co-Sponsor Sen. Adriane Johnson
Added as Chief Co-Sponsor Sen. Graciela Guzmán
Added as Co-Sponsor Sen. Laura M. Murphy
Added as Co-Sponsor Sen. Cristina Castro
Added as Co-Sponsor Sen. Mike Simmons
Assigned to Revenue
Added as Chief Co-Sponsor Sen. Lakesia Collins
First Reading
Referred to Assignments
Filed with Secretary by Sen. Robert Peters
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Rule 2-10 Committee Deadline Established As April 24, 2026
Mike Simmons
Laura M. Murphy
Kimberly A. Lightford
David Koehler
Patrick J. Joyce