HB 1147 Illinois House · 104th Regular Session

BUILD ILLINOIS HOMES ACT

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 status in committee 1 of 4 stages cleared

Introduction

Jan 2025

Committee Review

Floor Vote

Governor

Introduced Jan 5, 2025 Last action May 28, 2025

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Mar 21, 2025

Committee

Rule 19(a) / Re-referred to Rules Committee

lower

Feb 25, 2025

Lower · Passed

To Tax Credit and Incentives Subcommittee

lower

Feb 11, 2025

Committee

Assigned to Revenue & Finance Committee

lower

Jan 9, 2025

Committee

Referred to Rules Committee

lower

1 primary · 24 co-sponsors