HOME BUYER SAVINGS ACCOUNT ACT
- Introduced Feb 16, 2023
- In committee Feb 17, 2023
- Died
- Passed the Senate
- To the governor
- Became law
What it does
The legislature's own summary of the bill, or its official long title.
Creates the Home Buyer Savings Account Act. Sets forth provisions concerning legislative findings; establishment of first-time and second-chance home buyer savings accounts; use of first-time and second-chance home buyer savings accounts; account holder responsibilities; responsibilities of financial institutions; deduction of contributions, exclusion of earnings, and limitations; penalty for withdrawal; Department…
Read the full title (136 words)
Creates the Home Buyer Savings Account Act. Sets forth provisions concerning legislative findings; establishment of first-time and second-chance home buyer savings accounts; use of first-time and second-chance home buyer savings accounts; account holder responsibilities; responsibilities of financial institutions; deduction of contributions, exclusion of earnings, and limitations; penalty for withdrawal; Department of Revenue forms; and an annual report. Defines terms. Amends the Illinois Municipal Code. Sets forth provisions concerning accessory dwelling units and housing. Amends the Reimagining Electric Vehicles in Illinois Act. Provides that the Department of Commerce and Economic Opportunity shall establish a pilot grant program to encourage the construction and rehabilitation of housing located near a REV Illinois Project. Amends the Illinois Highway Code. Sets forth provisions concerning units of local government which have in effect an impact fee ordinance or resolution. Makes other changes.
Every action
10 steps, oldest first, as the legislature records them.
- HouseFiled with the Clerk by Rep. Marcus C. Evans, Jr.
- HouseFirst Reading
- CommitteeReferred to Rules Committee · House Rules
- CommitteeAssigned to Housing · House Housing
- CommitteeDo Pass / Short Debate Housing; 016-000-000 · House Housing
- HousePlaced on Calendar 2nd Reading - Short Debate
- HouseSecond Reading - Short Debate
- HouseHeld on Calendar Order of Second Reading - Short Debate
- CommitteeRule 19(a) / Re-referred to Rules Committee · House Rules
- HouseSession Sine Die
Roll calls
1 recorded vote: 0 on the floor, 1 in committee. Each shows how every member voted.
Committee votes
| Date | Where | Question | Result |
|---|---|---|---|
| Mar 8, 2023 | House Housing | Housing - Do Pass | Passed 16–0 |
Sponsors
The member who introduced it.
-
Marcus C. Evans, Jr.D Primary sponsor · District 33
From Illinois's official records (www.ilga.gov), checked Nov 2, 2026. Text links go to the official versions; LegiList does not copy bill text.