<?xml version='1.0' encoding='UTF-8'?>
<xml>
<title>Illinois General Assembly - Bill Status for SB 240</title>
<shortdesc>PRESERVATION TAX CREDIT</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Michael W. Halpin</sponsors>
</sponsor>
<lastaction>
<statusdate>6/2/2025</statusdate><chamber>Senate</chamber><action>Rule 3-9(a) / Re-referred to Assignments</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 31/20</reference><aliasreference></aliasreference><SynopsisText>Amends the Historic Preservation Tax Credit Act. Provides that, in calendar years beginning on or after January 1, 2026 and ending on or before December 31, 2028, the State Historic Preservation Office within the Department of Natural Resources may allocate $75,000,000 (currently, $25,000,000) in credits under the Act. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>1/22/2025</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Michael W. Halpin</action>
<statusdate>1/22/2025</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>1/22/2025</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>1/28/2025</statusdate><chamber>Senate</chamber><action>Assigned to Revenue</action>
<statusdate>3/21/2025</statusdate><chamber>Senate</chamber><action>Rule 2-10 Committee Deadline Established As April 11, 2025</action>
<statusdate>4/11/2025</statusdate><chamber>Senate</chamber><action>Rule 2-10 Committee Deadline Established As May 9, 2025</action>
<statusdate>5/9/2025</statusdate><chamber>Senate</chamber><action>Rule 2-10 Committee/3rd Reading Deadline Established As May 23, 2025</action>
<statusdate>5/23/2025</statusdate><chamber>Senate</chamber><action>Rule 2-10 Committee/3rd Reading Deadline Established As June 1, 2025</action>
<statusdate>6/2/2025</statusdate><chamber>Senate</chamber><action>Rule 3-9(a) / Re-referred to Assignments</action>
</actions>
</xml>
