SB 2476

Illinois Senate bill in Session 104.

Status: in_committee. Latest action: June 2, 2025.

INC TX-DOWNTOWN CREDIT.

Bill ID IL-104-SB-2476
Session 104
Status in_committee
Committee Assignments
Senate in_committee 2025-06-02
Tax / Budget / Appropriations
Summary

Amends the Illinois Income Tax Act. Creates a credit in an amount equal to 20% of the qualified conversion expenditures incurred by a taxpayer for a qualified converted building. Effective immediately.

Sponsor
Mattie Hunter
Official Source Back to Bills
Actions Timeline
Date Event Detail
2025-02-07 Introduced Bill introduced
2025-06-02 Status in_committee
2025-06-02 Latest Action 6/02/2025 - Senate:
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