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SB0062Introduced in the Senate

BUILD ILLINOIS HOMES ACT

IntroducedSenate Assignments

Introduced by Robert Peters, District 13

What does this bill do?

Plain-English breakdown

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Official description

Creates the Build Illinois Homes Tax Credit Act. Provides that owners of qualified low-income housing developments are eligible for credits against the taxes imposed by the Illinois Income Tax Act or taxes, penalties, fees, charges, and payments imposed by the Illinois Insurance Code. Amends the Illinois Income Tax Act and the Illinois Insurance Code to make conforming changes. Effective immediately.

Where it stands

Rule 3-9(a) / Re-referred to Assignments

May 22, 2026

How did lawmakers vote?

No recorded vote is available for this bill yet.

Bill history

  1. Filed with Secretary by Sen. Robert Peters

  2. First Reading

  3. Referred to Assignments

  4. Added as Chief Co-Sponsor Sen. Lakesia Collins

  5. Assigned to Revenue

  6. Added as Co-Sponsor Sen. Mike Simmons

  7. Added as Co-Sponsor Sen. Cristina Castro

  8. Added as Co-Sponsor Sen. Laura M. Murphy

  9. Added as Chief Co-Sponsor Sen. Graciela Guzmán

  10. Added as Co-Sponsor Sen. Adriane L. Johnson

  11. Rule 2-10 Committee Deadline Established As April 11, 2025

  12. Added as Co-Sponsor Sen. Linda Holmes

  13. Added as Co-Sponsor Sen. Laura Fine

  14. Added as Co-Sponsor Sen. Mike Porfirio

  15. Added as Co-Sponsor Sen. Steve Stadelman

  16. Added as Co-Sponsor Sen. Paul Faraci

  17. Added as Co-Sponsor Sen. Sara Feigenholtz

  18. Added as Co-Sponsor Sen. Meg Loughran Cappel

  19. Added as Co-Sponsor Sen. David Koehler

  20. Added as Chief Co-Sponsor Sen. Patrick J. Joyce

  21. Rule 2-10 Committee Deadline Established As May 9, 2025

  22. Added as Co-Sponsor Sen. Christopher Belt

  23. Added as Co-Sponsor Sen. Karina Villa

  24. Added as Co-Sponsor Sen. Chris Balkema

  25. Rule 2-10 Committee/3rd Reading Deadline Established As May 23, 2025

  26. Added as Co-Sponsor Sen. Kimberly A. Lightford

  27. Rule 2-10 Committee/3rd Reading Deadline Established As June 1, 2025

  28. Rule 3-9(a) / Re-referred to Assignments

  29. Re-assigned to Revenue

  30. Rule 2-10 Committee Deadline Established As April 24, 2026

  31. Rule 2-10 Committee/3rd Reading Deadline Established As May 15, 2026

  32. Rule 2-10 Committee/3rd Reading Deadline Established As May 22, 2026

  33. Rule 3-9(a) / Re-referred to Assignments

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