Illinois 104th General Assembly Status: Introduced Bipartisan · 19 D · 1 R cosponsors

SB0062      — BUILD ILLINOIS HOMES ACT

Last action — Rule 3-9(a) / Re-referred to Assignments

  1. 1
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill has been introduced in the Senate. Introduced January 13, 2025. It must pass committee before a floor vote.

Next likely step: a committee referral and hearing.

Odds of enactment

Low chance

Based on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Advancing 34% · moderate confidence

  • Introduced

    Current position in the legislative process.

  • 20 sponsors

    1 primary, 19 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (19 D · 1 R) — cross-party backing.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

In plain language

The bill provides tax credits for owners of qualified low-income housing developments in Illinois.

The Build Illinois Homes Act creates a tax credit program for owners of low-income housing developments, allowing them to receive credits against state income taxes. It also includes conforming changes to relevant tax codes.

What this means for you
  • Workers: This may lead to job opportunities in the housing sector as development increases.
  • Families: This means families may have more access to affordable housing due to incentivized development.
  • Small Business: This could provide opportunities for small businesses involved in construction and maintenance of low-income housing.

Summary

Creates the Build Illinois Homes Tax Credit Act. Provides that owners of qualified low-income housing developments are eligible for credits against the taxes imposed by the Illinois Income Tax Act or taxes, penalties, fees, charges, and payments imposed by the Illinois Insurance Code. Amends the Illinois Income Tax Act and the Illinois Insurance Code to make conforming changes. Effective immediately.

Bill Text

We don't have the full text on file for this bill yet.

Read SB0062 on the official Illinois source →

Action History

  1. Rule 3-9(a) / Re-referred to Assignments

  2. Rule 2-10 Committee/3rd Reading Deadline Established As May 22, 2026

  3. Rule 2-10 Committee/3rd Reading Deadline Established As May 15, 2026

  4. Rule 2-10 Committee Deadline Established As April 24, 2026

  5. Re-assigned to Revenue

  6. Rule 3-9(a) / Re-referred to Assignments

  7. Rule 2-10 Committee/3rd Reading Deadline Established As June 1, 2025

  8. Added as Co-Sponsor Sen. Kimberly A. Lightford

  9. Rule 2-10 Committee/3rd Reading Deadline Established As May 23, 2025

  10. Added as Co-Sponsor Sen. Chris Balkema

  11. Added as Co-Sponsor Sen. Karina Villa

  12. Added as Co-Sponsor Sen. Christopher Belt

  13. Rule 2-10 Committee Deadline Established As May 9, 2025

  14. Added as Chief Co-Sponsor Sen. Patrick J. Joyce

  15. Added as Co-Sponsor Sen. David Koehler

  16. Added as Co-Sponsor Sen. Meg Loughran Cappel

  17. Added as Co-Sponsor Sen. Sara Feigenholtz

  18. Added as Co-Sponsor Sen. Paul Faraci

  19. Added as Co-Sponsor Sen. Steve Stadelman

  20. Added as Co-Sponsor Sen. Mike Porfirio

  21. Added as Co-Sponsor Sen. Laura Fine

  22. Added as Co-Sponsor Sen. Linda Holmes

  23. Rule 2-10 Committee Deadline Established As April 11, 2025

  24. Added as Co-Sponsor Sen. Adriane L. Johnson

  25. Added as Chief Co-Sponsor Sen. Graciela Guzmán

  26. Added as Co-Sponsor Sen. Laura M. Murphy

  27. Added as Co-Sponsor Sen. Cristina Castro

  28. Added as Co-Sponsor Sen. Mike Simmons

  29. Assigned to Revenue

  30. Added as Chief Co-Sponsor Sen. Lakesia Collins

  31. Referred to Assignments

  32. First Reading

  33. Filed with Secretary by Sen. Robert Peters

Sponsors

Sponsorship breakdown

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1 sponsors · 19 co-sponsors · 163 not signed on

Sponsors (1)

Co-sponsors (19)

Not signed on (163)

163 members have not signed on to this bill.

Show all 163 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation housing
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB0062      do?
Creates the Build Illinois Homes Tax Credit Act. Provides that owners of qualified low-income housing developments are eligible for credits against the taxes imposed by the Illinois Income Tax Act or taxes, penalties, fees, charges, and payments imposed by the Illinois Insurance Code. Amends the Illinois Income Tax Act and the Illinois Insurance Code to make conforming changes. Effective immediately.
Who sponsors SB0062     ?
SB0062      is sponsored by Robert Peters (Democrat), Patrick J. Joyce (Democrat), Lakesia Collins (Democrat), Graciela Guzmán (Democrat), Mike Simmons (Democrat), Cristina Castro (Democrat), Laura M. Murphy (Democrat), Adriane L. Johnson (Democrat), Linda Holmes (Democrat), Laura Fine (Democrat), Mike Porfirio (Democrat), Steve Stadelman (Democrat), Paul Faraci (Democrat), Sara Feigenholtz (Democrat), Meg Loughran Cappel (Democrat), David Koehler (Democrat), Christopher Belt (Democrat), Karina Villa (Democrat), Chris Balkema (Republican), and Kimberly A. Lightford (Democrat).
What is the current status of SB0062     ?
This bill has been introduced in the Senate. Introduced January 13, 2025. It must pass committee before a floor vote.
Where can I track SB0062     ?
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Last checked for changes about 2 months ago · updated continuously

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