INC TX-HIST PRESERVATION CR House SponsorsRep. Kurt M. Granberg 1/13/2009HouseSession Sine Die 35 ILCS 5/218 new Amends the Illinois Income Tax Act. Creates a tax credit, for taxable years ending on or after December 31, 2007, for taxpayers who make an eligible expenditure during the taxable year for the rehabilitation of a qualified historic building. Sets the credit at an amount equal to 25% of the total expenditures made during the taxable year for the rehabilitation. Defines "eligible expenditure" as an expenditure equal to at least 50% of the total basis in the property. Defines "qualified historic building" as a structure listed individually on the National Register of Historic Places, a contributing structure in a National Register historic district, or be located in a local historic district that is certified by the United States Department of the Interior. Provides that the credit may be carried back for 3 years or carried forward for 5 years. Exempts the credit from the Act's sunset provisions. Effective immediately. 2/21/2007HouseFiled with the Clerk by Rep. Kurt M. Granberg 2/21/2007HouseFirst Reading 2/21/2007HouseReferred to Rules Committee 2/27/2007HouseAssigned to Revenue Committee 3/23/2007HouseRule 19(a) / Re-referred to Rules Committee 1/13/2009HouseSession Sine Die