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<xml>
<title>Illinois General Assembly - Bill Status for SB 2880         </title>
<shortdesc>PRESERVATION TAX CREDIT</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Michael W. Halpin-Paul Faraci and Mike Porfirio</sponsors>
</sponsor>
<lastaction>
<statusdate>1/7/2025</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 31/20</reference><aliasreference></aliasreference><SynopsisText>Amends the Historic Preservation Tax Credit Act. Provides that, in calendar years beginning on or after January 1, 2025 and ending on or before December 31, 2028, the State Historic Preservation Office within the Department of Natural Resources may allocate $75,000,000 (currently, $25,000,000) in credits under the Act. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>1/24/2024</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Michael W. Halpin</action>
<statusdate>1/24/2024</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>1/24/2024</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>3/14/2024</statusdate><chamber>Senate</chamber><action>Added as Chief Co-Sponsor Sen. Paul Faraci</action>
<statusdate>3/14/2024</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Mike Porfirio</action>
<statusdate>1/7/2025</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

