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SB 62

Illinois Senate bill in Session 104.

Status: in_committee. Latest action: February 10, 2026.

BUILD ILLINOIS HOMES ACT.

Bill ID IL-104-SB-62
Session 104
Status in_committee
Committee Assignments
Senate in_committee 2026-02-10
Housing Insurance / Consumer Protection Tax / Budget / Appropriations
Summary

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.

Sponsor
Robert Peters
Official Source Back to Bills
Actions Timeline
Date Event Detail
2025-01-13 Introduced Bill introduced
2026-02-10 Status in_committee
2026-02-10 Latest Action 2/10/2026 - Senate:
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