SB 62 Illinois Senate · 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 13, 2025 Last action May 22, 2026

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

May 22, 2026

Committee

Rule 3-9(a) / Re-referred to Assignments

upper

Mar 13, 2026

Upper · Passed

Rule 2-10 Committee Deadline Established As April 24, 2026

upper

Feb 10, 2026

Committee

Re-assigned to Revenue

upper

Jun 2, 2025

Committee

Rule 3-9(a) / Re-referred to Assignments

upper

Apr 11, 2025

Upper · Passed

Rule 2-10 Committee Deadline Established As May 9, 2025

upper

Mar 21, 2025

Upper · Passed

Rule 2-10 Committee Deadline Established As April 11, 2025

upper

Jan 22, 2025

Committee

Assigned to Revenue

upper

Jan 13, 2025

Committee

Referred to Assignments

upper

1 primary · 18 co-sponsors