HB4413 - 104th General Assembly
REVENUE-AFFORDABLE HOUSING
Hearings
Tax Credit and Incentives Subcommittee Hearing Mar 19 2026 8:03AM Stratton Building Room D-1 Springfield, IL
Revenue & Finance Committee Hearing Mar 19 2026 8:00AM Stratton Building Room D-1 Springfield, IL
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Illinois Housing Development Act and the Illinois Income Tax Act. Provides that the amount of credits awarded under the affordable housing tax donation program is limited to $41,831,227 in State fiscal year 2027 and shall increase by 10% each fiscal year thereafter (currently, $32,850,352 in State fiscal years 2022 and 2023 increased by 5% each fiscal year thereafter). Provides that the affordable housing donation income tax credit applies through the taxable year ending on December 31, 2036 (currently, December 31, 2026). Effective immediately.
Actions
| Date | Chamber | Action |
|---|---|---|
| 1/13/2026 | House | Filed with the Clerk by Rep. Dagmara Avelar |
| 1/14/2026 | House | First Reading |
| 1/14/2026 | House | Referred to Rules Committee |
| 2/24/2026 | House | Assigned to Revenue & Finance Committee |
| 2/26/2026 | House | To Tax Credit and Incentives Subcommittee |