HB4413Introduced in the House
REVENUE-AFFORDABLE HOUSING
Introduced by Dagmara Avelar, District 85
What does this bill do?
Plain-English breakdown
Writing a plain-English summary of this bill… this can take a few seconds the first time.
Official description
Amends the Illinois Housing Development Act and the Illinois Income Tax Act. Provides that the amount of credits awarded under the affordable housing tax donation program is limited to $41,831,227 in State fiscal year 2027 and shall increase by 10% each fiscal year thereafter (currently, $32,850,352 in State fiscal years 2022 and 2023 increased by 5% each fiscal year thereafter). Provides that the affordable housing donation income tax credit applies through the taxable year ending on December 31, 2036 (currently, December 31, 2026). Effective immediately.
Where it stands
Added Co-Sponsor Rep. Anna Moeller
May 11, 2026
How did lawmakers vote?
No recorded vote is available for this bill yet.
Bill history
Filed with the Clerk by Rep. Dagmara Avelar
First Reading
Referred to Rules Committee
Assigned to Revenue & Finance Committee
To Tax Credit and Incentives Subcommittee
Rule 19(a) / Re-referred to Rules Committee
Added Chief Co-Sponsor Rep. Eva-Dina Delgado
Added Chief Co-Sponsor Rep. Barbara Hernandez
Added Chief Co-Sponsor Rep. Sharon Chung
Added Co-Sponsor Rep. Rita Mayfield
Added Co-Sponsor Rep. Lilian Jiménez
Added Co-Sponsor Rep. Amy Briel
Added Co-Sponsor Rep. Anna Moeller
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