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.