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<title>Illinois General Assembly - Bill Status for HB 5554         </title>
<shortdesc>REVENUE-BUILD ILLINOIS HOMES</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Delia C. Ramirez-Tom Demmer-Michael J. Zalewski, Margo McDermed, Theresa Mah, Emanuel Chris Welch, Lindsey LaPointe, Elizabeth Hernandez, Jonathan Carroll, Maurice A. West, II and Barbara Hernandez</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 5/232 new</reference><aliasreference></aliasreference><reference>215 ILCS 5/409</reference><aliasreference>from Ch. 73, par. 1021</aliasreference><reference>215 ILCS 5/444</reference><aliasreference>from Ch. 73, par. 1056</aliasreference><SynopsisText>     Creates the Build Illinois Homes Tax Credit Act. Provides that the Illinois Housing Development Authority and the City of Chicago Department of Housing may award credits for certain qualified low-income housing projects. Provides that the credits may be taken against any or all of the following: (i) the taxes imposed by the Illinois Income Tax Act; or (ii) any retaliatory or privilege tax imposed by the Illinois Insurance Code. Amends the Illinois Income Tax Act and the Illinois Insurance Code to make conforming changes. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/14/2020</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Delia C. Ramirez</action>
<statusdate>2/18/2020</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/18/2020</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/20/2020</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Tom Demmer</action>
<statusdate>2/21/2020</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Margo McDermed</action>
<statusdate>2/26/2020</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Theresa Mah</action>
<statusdate>2/26/2020</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Emanuel Chris Welch</action>
<statusdate>2/26/2020</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Lindsey LaPointe</action>
<statusdate>2/26/2020</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Michael J. Zalewski</action>
<statusdate>2/27/2020</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Elizabeth Hernandez</action>
<statusdate>3/3/2020</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>3/13/2020</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Jonathan Carroll</action>
<statusdate>6/23/2020</statusdate><chamber>House</chamber><action>Rule 19(b) / Re-referred to Rules Committee</action>
<statusdate>9/22/2020</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Maurice A. West, II</action>
<statusdate>9/24/2020</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Barbara Hernandez</action>
<statusdate>1/13/2021</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

