HISTORIC REHAB TAX CREDIT House SponsorsRep. Greg Harris-Daniel V. Beiser-Elgie R. Sims, Jr.-Monique D. Davis, La Shawn K. Ford, Eddie Lee Jackson, Sr., Maria Antonia Berrios, Robert F. Martwick, Emanuel Chris Welch and Patrick J. Verschoore 12/3/2014HouseSession Sine Die New Act35 ILCS 5/224 new215 ILCS 5/409from Ch. 73, par. 1021 Creates the Historic Rehabilitation Tax Credit Act. Authorizes tax credits against Illinois income taxes and insurance company privilege taxes for 25% of the costs of rehabilitating eligible historic property. Allows excess credits to be carried back and forward. Allows credits to be transferred, sold, or assigned. Provides that the credit is administered by the Department of Commerce and Economic Opportunity. Sets forth application and award procedures. Makes related changes in the Illinois Income Tax Act and the Illinois Insurance Code. Effective July 1, 2013. 1/10/2013HouseFiled with the Clerk by Rep. Greg Harris 1/10/2013HouseFirst Reading 1/10/2013HouseReferred to Rules Committee 1/28/2013HouseAdded Co-Sponsor Rep. La Shawn K. Ford 1/30/2013HouseAssigned to Revenue & Finance Committee 1/31/2013HouseAdded Chief Co-Sponsor Rep. Daniel V. Beiser 2/21/2013HouseAdded Co-Sponsor Rep. Eddie Lee Jackson, Sr. 2/26/2013HouseAdded Co-Sponsor Rep. Maria Antonia Berrios 2/27/2013HouseAdded Chief Co-Sponsor Rep. Elgie R. Sims, Jr. 2/27/2013HouseChief Co-Sponsor Changed to Rep. Elgie R. Sims, Jr. 3/1/2013HouseAdded Co-Sponsor Rep. Robert F. Martwick 3/5/2013HouseAdded Chief Co-Sponsor Rep. Monique D. Davis 3/5/2013HouseChief Co-Sponsor Changed to Rep. Monique D. Davis 3/7/2013HouseAdded Co-Sponsor Rep. Emanuel Chris Welch 3/13/2013HouseAdded Co-Sponsor Rep. Patrick J. Verschoore 3/22/2013HouseRule 19(a) / Re-referred to Rules Committee 12/3/2014HouseSession Sine Die