Illinois SB 3918: REVENUE-HOMEBUILDER CREDIT

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104TH GENERAL ASSEMBLY 
State of Illinois 
2025 and 2026
SB3918

Introduced 2/6/2026, by Sen. Darby A. Hills 

SYNOPSIS AS INTRODUCED:

20 ILCS 3805/33.1 new

35 ILCS 5/246 new

35 ILCS 105/3-5

35 ILCS 110/3-5

35 ILCS 115/3-5

35 ILCS 120/2-5

 Amends the Illinois Housing Development Act. Provides that the Illinois Housing Development Authority shall issue to home builders who build single-family homes in the State (i) certificates of exemption from the Retailers' Occupation Tax Act, the Use Tax Act, the Service Use Tax Act, and the Service Occupation Tax Act and (ii) credit certifications against the taxes imposed under the Illinois Income Tax Act.

LRB104 19344 HLH 32791 b

A BILL FOR

SB3918LRB104 19344 HLH 32791 b

1 AN ACT concerning revenue.

2 Be it enacted by the People of the State of Illinois, 

3represented in the General Assembly:

4 Section 5. The Illinois Housing Development Act is amended 

5by adding Section 33.1 as follows:

6 (20 ILCS 3805/33.1 new)

7 Sec. 33.1. Home builder incentives. The Authority shall 

8issue to home builders who build single-family homes in the 

9State (i) certificates of exemption from the Retailers' 

10Occupation Tax Act, the Use Tax Act, the Service Use Tax Act, 

11and the Service Occupation Tax Act and (ii) credit 

12certifications against the taxes imposed under subsections (a) 

13and (b) of Section 201 of the Illinois Income Tax Act.

14 Section 10. The Illinois Income Tax Act is amended by 

15adding Section 246 as follows:

16 (35 ILCS 5/246 new)

17 Sec. 246. Home builder credit. 

18 (a) A taxpayer who has been awarded a credit by the 

19Illinois Housing Development Authority under Section 33.1 of 

20the Illinois Housing Development Act is entitled to a credit 

21against