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<xml>
<title>Illinois General Assembly - Bill Status for SB 119          </title>
<shortdesc>INC TX-HISTORIC PRESERVATION</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Steve Stadelman-David Koehler and Mattie Hunter</sponsors>
</sponsor>
<lastaction>
<statusdate>1/7/2025</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/228</reference><aliasreference></aliasreference><reference>35 ILCS 31/10</reference><aliasreference></aliasreference><reference>35 ILCS 31/20</reference><aliasreference></aliasreference><SynopsisText>Amends the Historic Preservation Tax Credit Act. Extends the sunset of the credit to December 31, 2028 (currently, December 31, 2023). Provides that, in each calendar year beginning on or after January 1, 2024 and ending on or before December 31, 2028, the State Historic Preservation Office in the Department of Natural Resources is authorized to allocate $75,000,000 (currently, $15,000,000) in tax credits under the Act. Amends the Illinois Income Tax Act to make conforming changes. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>1/24/2023</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Steve Stadelman</action>
<statusdate>1/24/2023</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>1/24/2023</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>1/31/2023</statusdate><chamber>Senate</chamber><action>Assigned to Revenue</action>
<statusdate>3/8/2023</statusdate><chamber>Senate</chamber><action>Added as Chief Co-Sponsor Sen. David Koehler</action>
<statusdate>3/10/2023</statusdate><chamber>Senate</chamber><action>Rule 3-9(a) / Re-referred to Assignments</action>
<statusdate>3/21/2023</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Mattie Hunter</action>
<statusdate>1/7/2025</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

