Illinois · House Bill 4636 · 104th General Assembly

NEW MARKETS-CREDITS

HB 4636 Sponsored by Jay Hoffman In committee

  1. Introduced Jan 27, 2026
  2. In committee Feb 3, 2026
  3. Passed the House Next
  4. Passed the Senate  
  5. To the governor  
  6. Became law  

What it does

The legislature's own summary of the bill, or its official long title.

Amends the New Markets Development Program Act. Provides that a credit under the Act may be transferred to an affiliate. Provides that the cap on credits is $37,000,000 for fiscal years beginning on or after July 1, 2029. Makes changes concerning the allocation schedule. Effective immediately.

Every action

7 steps, oldest first, as the legislature records them.

  1. HouseFiled with the Clerk by Rep. Jay Hoffman
  2. HouseFirst Reading
  3. CommitteeReferred to Rules Committee · House Rules
  4. CommitteeAssigned to Revenue & Finance Committee · House Revenue & Finance
  5. CommitteeTo Tax Credit and Incentives Subcommittee · House Tax Credit and Incentives
  6. HouseAdded Co-Sponsor Rep. Travis Weaver
  7. CommitteeRule 19(a) / Re-referred to Rules Committee · House Rules

Roll calls

No recorded votes on this bill yet.

Sponsors

The member who introduced it, joined by 1 cosponsor: 1 Republican.

All 1 cosponsor

From Illinois's official records (www.ilga.gov), checked Nov 13, 2026. Text links go to the official versions; LegiList does not copy bill text.