Illinois HB 4841: COMMON INTEREST-BOARD DUTIES
Status: Referred to Rules Committee (as of 2024-02-07)
State: Illinois · Session: 103rd · Bill: HB 4841
Sponsors: Daniel Didech
Bill Text
• Illinois General Assembly - Full Text of HB4841 • • • • • • • • • • • • Select Language × The Illinois General Assembly offers the Google Translate™ service for visitor convenience. In no way should it be considered accurate as to the translation of any content herein. Visitors of the Illinois General Assembly website are encouraged to use other translation services available on the internet. The English language version is always the official and authoritative version of this website. NOTE: To return to the original English language version, select the "Show Original" button on the Google Translate™ menu bar at the top of the window. Choose Language English Afrikaans Albanian Arabic Armenian Azerbaijani Basque Bengali Bosnian Catalan Croatian Czech Danish Dutch Esperanto Estonian Filipino Finnish French Galician Georgian German Greek Gujarati Haitian Creole Hausa Hawaiian Hebrew Hindi Hungarian Icelandic Indonesian Interlingua Interlingue Inuktitut Irish Italian Japanese Javanese Kannada Khmer Korean Latin Latvian Lithuanian Luxembourgish Macedonian Malagasy Malayalam Maltese Maori Marathi Myanmar Nepali Norwegian Odia Pashto Punjabi Romanian Russian Samoan Sango Sanskrit Sardinian Sindhi Sinhala Slovak Slovenian Somali Southern Sotho Spanish Sundanese Swahili Swedish Tamil Telugu Thai Tigrinya Tonga Turkish Ukrainian Urdu Vietnamese Welsh Xhosa Yiddish Yoruba Zulu Powered by Translate Close Illinois General Assembly Top Navigation Bar Translate Learn Select General Assembly Search the 104th General Assembly Enter search terms for legislation, members, committees, or schedules. ILGA.GOV • • LEGISLATION & LAWS • Bills & Resolutions • Public Acts • Illinois Compiled Statutes • Illinois Constitution • Search Legislation • Glossary • Guide • Reports & Inquiry • Legislative Reports • Special Reports • FTP Site • Legislator Lookup • Capitol Complex Phone Numbers • Rules & Regulations • Illinois Register • Administrative Rules • Senate • Members • Schedules • Committees • Request for Remote Testimony • Journals • Transcripts • Rules • Audio/Video • FOIA Information • Senate Employment Opportunities • Media Guidelines • House • Members • Schedules • Committees • Submit testimony for House Committees • Journals • Transcripts • Rules • Audio/Video • FOIA Information • House Employment Opportunities • Log In Mobile Top Bar Search the 104th General Assembly Enter keywords to search the Illinois General Assembly website. Full Text of HB4841 • Home • Legislation • Full Text HB4841 - 104th General Assembly • Bill Status • Full Text • Votes • Witness Slips Select Menu Bill Status Full Text Votes Witness Slips Printer Friendly Version Introduced House Amendment 001 Printer Friendly Version Introduced House Amendment 001 Open PDF 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 HB4841 Introduced , by Rep. Martha Deuter SYNOPSIS AS INTRODUCED: 35 ILCS 5/214 Amends the Illinois Income Tax Act. Provides that the tax credit for affordable housing donations applies permanently. Effective immediately. LRB104 18803 HLH 32246 b A BILL FOR HB4841LRB104 18803 HLH 32246 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 Income Tax Act is amended by 5changing Section 214 as follows: 6 (35 ILCS 5/214) 7 Sec. 214. Tax credit for affordable housing donations. 8 (a) For Beginning with taxable years ending on or after 9December 31, 2001 and until the taxable year ending on 10December 31, 2026, a taxpayer who makes a donation under 11Section 7.28 of the Illinois Housing Development Act is 12entitled to a credit against the tax imposed by subsections 13(a) and (b) of Section 201 in an amount equal to 50% of the 14value of the donation. For taxable years ending before 15December 31, 2023, partners, shareholders of subchapter S 16corporations, and owners of limited liability companies (if 17the limited liability company is treated as a partnership for 18purposes of federal and State income taxation) are entitled to 19a credit under this Section to be determined in accordance 20with the determination of income and distributive share of 21income under Sections 702 and 703 and subchapter S of the 22Internal Revenue Code. For taxable years ending on or after 23December 31, 2023, partners and shareholders of subchapter S HB4841- 2 -LRB104 18803 HLH 32246 b 1corporations are entitl
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