<?xml version='1.0' encoding='UTF-8'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 4636</title>
<shortdesc>NEW MARKETS-CREDITS</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Jay Hoffman and Travis Weaver</sponsors>
</sponsor>
<lastaction>
<statusdate>3/27/2026</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>20 ILCS 663/15</reference><aliasreference></aliasreference><reference>20 ILCS 663/20</reference><aliasreference></aliasreference><reference>20 ILCS 663/25</reference><aliasreference></aliasreference><reference>20 ILCS 663/50</reference><aliasreference></aliasreference><SynopsisText>     Amends the New Markets Development Program Act. Provides that a credit under the Act may be transferred to an affiliate. Provides that the cap on credits is $37,000,000 for fiscal years beginning on or after July 1, 2029. Makes changes concerning the allocation schedule. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>1/27/2026</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Jay Hoffman</action>
<statusdate>2/3/2026</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/3/2026</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/11/2026</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>2/26/2026</statusdate><chamber>House</chamber><action>To Tax Credit and Incentives Subcommittee</action>
<statusdate>3/19/2026</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Travis Weaver</action>
<statusdate>3/27/2026</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
</actions>
</xml>
