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Illinois Public Policy

Illinois Legislators Trying to Create a Historic Rehabilitation Tax Credit

by Michael R. Allen

On February 11, Illinois State Senator Dave Koehler (D-Peoria) introduced SB 2559, a bill that would create a state historic rehabilitation tax credit modeled on Missouri’s.

Since then, the bill has gained two co-sponsors, Senators Dale Risinger (D-Springfield) and Michael Noland (D-Springfield). However, the Senate Commerce Committee has postponed a hearing of the bill.

Meanwhile, a similar bill introduced last year by Representative Greg Harris (D-Chicago) in the Illinois House of Representatives (HB 586), has attained five co-sponsors but has yet to receive a committee hearing.

One reply on “Illinois Legislators Trying to Create a Historic Rehabilitation Tax Credit”

It's ironic that other states are trying to emulate our good ideas, while the idiots in Jeff City contemplate getting rid of them.

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