IL SB3918

Creates income tax credits for home builders constructing single-family homes in Illinois, equal to 20% of wages paid to full-time or part-time employees during the taxable year

Exempts qualifying home builders from Retailers' Occupation Tax, Use Tax, Service Use Tax, and Service Occupation Tax through certificates issued by the Illinois Housing Development Authority

Allows unused tax credits to be carried forward and applied to tax liability for up to 5 subsequent taxable years

Designates the Illinois Housing Development Authority as the agency responsible for issuing exemption certificates and credit certifications to eligible home builders

Exempts this tax credit from the standard sunset provisions under Section 250 of the Illinois Income Tax Act