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IL HJR0087

Joint Resolution

Status

Failed

1/8/2019

Primary Sponsor

Jerry Costello

Click for details

Origin

House of Representatives

100th General Assembly

AI Summary

  • Urges Congress to retain the Federal Historic Tax Credit (FHTC) in any tax reform legislation.

  • Notes that Illinois FHTC projects between 2002-2016 financed 269 projects generating over $3 billion in development and more than 45,000 jobs.

  • Identifies at-risk Illinois historic properties if FHTC is eliminated, including Lathrop Homes, Old Chicago Post Office, Old Cook County Hospital, and multiple buildings in cities including Batavia, Rockford, LaSalle, Moline, Peoria, and Belleville.

  • States that elimination of the federal credit would jeopardize Illinois's River Edge Historic Tax Credit program and revitalization projects in Aurora, Elgin, Peoria, and Rockford.

  • Directs copies of the resolution to be sent to President Trump, congressional leadership, and all members of the Illinois Congressional Delegation.

Legislative Description

FED HISTORIC TAX-RETAIN

Last Action

Session Sine Die

1/8/2019

Committee Referrals

Rules7/2/2018
Income Tax4/19/2018
Revenue & Finance4/3/2018
Rules1/30/2018

Full Bill Text

No bill text available