INC TX-DOWNTOWN CREDIT Senate SponsorsSen. Mattie Hunter 6/2/2025SenateRule 3-9(a) / Re-referred to Assignments 35 ILCS 5/246 newAmends the Illinois Income Tax Act. Creates a credit in an amount equal to 20% of the qualified conversion expenditures incurred by a taxpayer for a qualified converted building. Effective immediately. 2/7/2025SenateFiled with Secretary by Sen. Mattie Hunter 2/7/2025SenateFirst Reading 2/7/2025SenateReferred to Assignments 3/4/2025SenateAssigned to Revenue 3/21/2025SenateRule 2-10 Committee Deadline Established As April 11, 2025 4/11/2025SenateRule 2-10 Committee Deadline Established As May 9, 2025 5/9/2025SenateRule 2-10 Committee/3rd Reading Deadline Established As May 23, 2025 5/23/2025SenateRule 2-10 Committee/3rd Reading Deadline Established As June 1, 2025 6/2/2025SenateRule 3-9(a) / Re-referred to Assignments