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<xml>
<title>Illinois General Assembly - Bill Status for HB 3025         </title>
<shortdesc>SCHOOL BUILDING REHABILITATION</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Jehan Gordon-Booth-Arthur Turner</sponsors>
</sponsor>
<lastaction>
<statusdate>1/13/2021</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>New Act</reference><aliasreference></aliasreference><reference>35 ILCS 5/229 new</reference><aliasreference></aliasreference><SynopsisText>     Creates the School Building Rehabilitation Tax Credit Act. Creates an income tax credit equal to 25% of the qualified expenditures incurred by a qualified taxpayer undertaking a qualified rehabilitation plan of a vacant school building. Provides that, to be eligible for the credit, the taxpayer must apply with the Department of Revenue. Provides that the credit is subject to certain limitations. Amends the Illinois Income Tax Act to make conforming changes. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/15/2019</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Jehan Gordon-Booth</action>
<statusdate>2/15/2019</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/15/2019</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/26/2019</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>3/6/2019</statusdate><chamber>House</chamber><action>To Income Tax Subcommittee</action>
<statusdate>3/22/2019</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Filed with Clerk by Rep. Jehan Gordon-Booth</action>
<statusdate>3/22/2019</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Referred to Rules Committee</action>
<statusdate>3/26/2019</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Rules Refers to Revenue &amp; Finance Committee</action>
<statusdate>3/27/2019</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Arthur Turner</action>
<statusdate>3/29/2019</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>3/29/2019</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee</action>
<statusdate>1/13/2021</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

