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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.
Introduced
Jan 14, 2026
Last Action
Feb 26, 2026
Session
IL 104th
Sponsors
1 primary · 0 co
To Tax Credit and Incentives Subcommittee
Assigned to Revenue & Finance Committee
First Reading
Referred to Rules Committee
Filed with the Clerk by Rep. Dagmara Avelar
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
To Tax Credit and Incentives Subcommittee
Dagmara Avelar