<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for SB 2912         </title>
<shortdesc>INC TX-HOUSING DEVELOPMENT</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Rachel Ventura</sponsors>
</sponsor>
<lastaction>
<statusdate>1/7/2025</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/241 new</reference><aliasreference></aliasreference><reference>5 ILCS 100/5-45.55 new</reference><aliasreference></aliasreference><SynopsisText>Amends the Illinois Income Tax Act. Creates an income tax credit for qualified housing developers who incur development costs in the construction of new housing. Sets forth the amount of the credit. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>1/26/2024</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Rachel Ventura</action>
<statusdate>1/26/2024</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>1/26/2024</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>2/6/2024</statusdate><chamber>Senate</chamber><action>Assigned to Revenue</action>
<statusdate>3/15/2024</statusdate><chamber>Senate</chamber><action>Rule 2-10 Committee Deadline Established As April 5, 2024</action>
<statusdate>4/5/2024</statusdate><chamber>Senate</chamber><action>Rule 2-10 Committee Deadline Established As May 3, 2024</action>
<statusdate>5/3/2024</statusdate><chamber>Senate</chamber><action>Rule 3-9(a) / Re-referred to Assignments</action>
<statusdate>1/7/2025</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

