HISTORIC PRESERVATION-CREDITS House SponsorsRep. Jehan Gordon-Booth 1/10/2023HouseSession Sine Die 35 ILCS 5/22835 ILCS 31/535 ILCS 31/1035 ILCS 31/20 Amends the Historic Preservation Tax Credit Act. Provides that the aggregate amount of credits awarded under the Act to a particular taxpayer may not exceed $3,000,000. Provides that the total amount of expenditures must equal at least $5,000 and (currently, "or") exceed the adjusted basis of the structure. Provides that the taxpayer may not receive a credit under the Act and a River Edge redevelopment credit for the same qualified expenditures or rehabilitation plan. Makes changes concerning the allocation of credits. Makes various technical changes. Amends the Illinois Income Tax Act. Makes changes to the historic preservation credit to include limited liability companies. Effective immediately. 2/19/2021HouseFiled with the Clerk by Rep. Jehan Gordon-Booth 2/19/2021HouseFirst Reading 2/19/2021HouseReferred to Rules Committee 3/16/2021HouseAssigned to Revenue & Finance Committee 3/27/2021HouseRule 19(a) / Re-referred to Rules Committee 1/10/2023HouseSession Sine Die