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Neutral Bill Mar 16, 2026

BUILD ILLINOIS HOMES ACT

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.

https://legiscan.com/IL/bill/HB1147/2025
Bill data from LegiScan, used under CC BY 4.0.
Robert Peters State Senator Patrick Joyce State Senator Cosponsor Lakesia Collins State Senator Cosponsor Mike Simmons-Gessesse State Senator Cosponsor Cristina Castro State Senator Cosponsor Laura Murphy State Senator Cosponsor Linda Holmes State Senator Cosponsor Laura Fine State Senator Cosponsor Mike Porfirio State Senator Cosponsor Steve Stadelman State Senator Cosponsor Paul Faraci State Senator Cosponsor Sara Feigenholtz State Senator Cosponsor Dave Koehler State Senator Cosponsor Christopher Belt State Senator Cosponsor Karina Villa State Senator Cosponsor Chris Balkema State Senator Cosponsor Kimberly Lightford State Senator Cosponsor
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