GA96SB2629 96 SB 2629 HISTORIC PRESERVATION CREDIT Creates the Historic Preservation Tax Credit Act. Provides for an income tax credit in an amount equal to 25% of qualified expenditures incurred by a qualified taxpayer for the restoration and preservation of a qualified historic structure. Provides that the credit may be carried forward for up to 10 years. Provides that the credit may be sold, assigned, conveyed, or transferred. Provides that the cumulative amount of credits awarded under the Act may not exceed $25,000,000 per year per county. Amends the Illinois Income Tax Act to make conforming changes. Effective immediately. http://www.ilga.gov/legislation/BillStatus.asp?DocNum=2629&GAID=10&DocTypeID=SB&LegId=49540&SessionID=76&GA=96 2010-02-23 00:00:00 Senate Added as Chief Co-Sponsor Sen. Pamela J. Althoff 0 5 2010-02-18 00:00:00 Senate Postponed - Commerce 0 4 SCOM 2010-01-21 00:00:00 Senate First Reading 1 1 2010-01-21 00:00:00 Senate Referred to Assignments 0 2 SCOA 2010-02-10 00:00:00 Senate Assigned to Commerce 0 3 SCOM 2010-01-21 00:00:00 Senate Filed with Secretary by Sen. Dale E. Risinger 0 0 2010-03-08 00:00:00 Senate Rule 3-9(a) / Re-referred to Assignments 1 6 SCOA PamelaJAlthoff Senate Chief Co-Sponsor DaleERisinger Senate Chief Sponsor