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<xml>
<title>Illinois General Assembly - Bill Status for SB 1737         </title>
<shortdesc>BUILD ILLINOIS TAX CREDIT</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Mattie Hunter-Cristina H. Pacione-Zayas-David Koehler, Linda Holmes, Laura M. Murphy, Karina Villa-Adriane Johnson, Ram Villivalam, Mike Simmons, Ann Gillespie, Doris Turner and Rachel Ventura</sponsors>
</sponsor>
<lastaction>
<statusdate>1/7/2025</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>New Act</reference><aliasreference></aliasreference><reference>35 ILCS 5/234 new</reference><aliasreference></aliasreference><reference>215 ILCS 5/409</reference><aliasreference>from Ch. 73, par. 1021</aliasreference><reference>215 ILCS 5/444</reference><aliasreference>from Ch. 73, par. 1056</aliasreference><SynopsisText>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.</SynopsisText></synopsis>
<actions>
<statusdate>2/9/2023</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Mattie Hunter</action>
<statusdate>2/9/2023</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/9/2023</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>2/15/2023</statusdate><chamber>Senate</chamber><action>Added as Chief Co-Sponsor Sen. Cristina H. Pacione-Zayas</action>
<statusdate>2/21/2023</statusdate><chamber>Senate</chamber><action>Assigned to Revenue</action>
<statusdate>2/21/2023</statusdate><chamber>Senate</chamber><action>Added as Chief Co-Sponsor Sen. David Koehler</action>
<statusdate>2/22/2023</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Linda Holmes</action>
<statusdate>2/22/2023</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Laura M. Murphy</action>
<statusdate>2/23/2023</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Karina Villa</action>
<statusdate>3/10/2023</statusdate><chamber>Senate</chamber><action>Rule 3-9(a) / Re-referred to Assignments</action>
<statusdate>3/13/2023</statusdate><chamber>Senate</chamber><action>Added as Chief Co-Sponsor Sen. Adriane Johnson</action>
<statusdate>3/23/2023</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Ram Villivalam</action>
<statusdate>3/29/2023</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Mike Simmons</action>
<statusdate>5/3/2023</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Ann Gillespie</action>
<statusdate>5/4/2023</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Doris Turner</action>
<statusdate>5/24/2023</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Rachel Ventura</action>
<statusdate>1/7/2025</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

