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IL HB3878

Bill

Official Source

Status

Failed

1/7/2025

Primary Sponsor

Abdelnasser Rashid

Click for details

Origin

House of Representatives

103rd General Assembly

AI Summary

HB3878 Summary

  • Amends the Illinois Housing Development Act to authorize the Illinois Housing Development Authority (IHDA) to award State matching grants to sponsors receiving donations that qualify for the affordable housing tax credit under Section 214 of the Illinois Income Tax Act.

  • Matching grant amounts are limited to not exceed the amount of the tax credit claimed for the donation.

  • Grants are subject to appropriation by the State.

Legislative Description

IDHA-MATCHING FUNDS

Last Action

Session Sine Die

1/7/2025

Committee Referrals

Rules5/19/2023
Appropriations-General Service2/28/2023
Rules2/17/2023

Full Bill Text

No bill text available