PRESERVING NEIGHBORHOODS ACT House SponsorsRep. Amy Elik 2/6/2026HouseReferred to Rules Committee New Act35 ILCS 5/246 new Creates the Preserving Illinois Neighborhoods Act. Provides that, for taxable years that begin on or after January 1, 2027 and end on or before December 31, 2032, qualified taxpayers who incur qualified new construction expenditures or qualified rehabilitation expenditures during the taxable year are entitled to a credit. Effective immediately. 2/3/2026HouseFiled with the Clerk by Rep. Amy Elik 2/6/2026HouseFirst Reading 2/6/2026HouseReferred to Rules Committee