Illinois Association of
National Trust for
Historic Tax Credit
Strengthening Illinois’ Economy by Reinvesting
in Historic Places
February 4, 2014 - Representative Frank Mautino,
D-Spring Valley, introduced HB 4533, the
Illinois Rehabilitation and Revitalization Tax Credit
Act, in support of a statewide historic tax credit
program. This legislation replicates SB 336, sponsored
by Senator Andy Manar, D-Bunker Hill, which passed out
of the Illinois Senate in 2013.
Please urge your state representative to sign-on as a
sponsor of HB 4533.
October 21, 2013 –
State Historic Tax
Economic Credit Study released, click here
to view. This report, which examines the potential
rehabilitation of historic buildings using a proposed
20% statewide historic tax credit, found that:
A statewide historic tax credit would pay for itself and
create jobs across the state.
The existing River’s Edge Historic Tax Credit, available
only in 5 cities, is not sufficient for attracting
investment and creating jobs statewide.
The state would receive revenues before it would
allocate tax credits to historic rehabilitation
A historic tax credit would be immediately accessible to
eligible properties in communities across the entire
Illinois Rehabilitation & Revitalization Tax
Credit (SB 336)
Summer 2013 - Despite strong support in the State
Senate, which passed SB 336 on April 24th by a vote of
46-8, SB 336 was not approved by the House. The credit
would encourage private investment in historic
properties and create jobs and economic development in
urban, suburban, and rural communities across Illinois.
But the Governor’s office and other top lawmakers in the
House were unwilling to push the legislation, citing the
State’s pension and economic problems. In the meantime,
the states of Alabama and Texas passed new state tax
credit programs and Connecticut, Iowa, Louisiana,
Maryland, Minnesota and New York made improvements to
their programs. This will be a priority issue for the
Historic Preservation Caucus, chaired by Sen. Pamela
Althoff, R-McHenry, Sen. Andy Manar, D-Bunker Hill, Rep.
Rich Brauer, R- Springfield, and Rep. Jerry Costello II,
Wednesday, May 8, 2013 – Landmarks Illinois and AIA
Illinois testified before the House Revenue and Finance
Committee on SB336, the Illinois Rehabilitation and
Revitalization Tax Credit, during a subject matter
hearing on enterprise zones and tax incentives. The bill
must pass out of the House Rules Committee in order to
have a formal public hearing ending with a vote or the
Committee could chose to include the measure as part of
an Omnibus Tax Bill.
What can you do? Please contact your
Illinois State Representative to urge his or her support
for including the Illinois Rehabilitation and
Revitalization Tax Credit [SB336] as part of a final
omnibus tax proposal.
Click here to locate your Representative’s contact
Monday, April 29, 2013 – SB336 was passed over from the
Senate to the House of Representative and referred to
the Rules Committee.
Wednesday, April 24, 2013 - Thanks to the support of
the many of you who called your Senator, today the Illinois Senate
passed SB336 - the Illinois Rehabilitation and
Revitalization Tax Credit - by a strong vote of 46 to 8.
The bill will now move over to the Illinois House of
Representatives for consideration. To see how your State
Wednesday, April 17, 2013 – SB336, as amended, was
re-referred to the Senate Revenue Committee and passed
by a vote of 9-3 to head for a final vote before the
full Senate. Yes votes: Senators Hutchinson, Noland,
Althoff, Bush, Jones, Kotowski, McGuire, Murphy, and
Sullivan. No votes: Senators Duffy, Landek, and
Wednesday, March 20, 2013 – SB336 has passed the Senate
Revenue Committee with a vote of 8-2-1 and is headed to
the Senate Floor. Yes votes: Senators Hutchinson,
Noland, Althoff, Bush, Biss (sitting in for Jones),
Kotowski, McGuire, and Sullivan. No votes: Senators
Duffy and McCarter. Present (abstention): Senator Landek.
Wednesday, January 23, 2013 - Senator Andy Manar
(D-Bunker Hill) has introduced Senate Bill 336 [SB336],
the Illinois Rehabilitation and Revitalization Tax
Credit creating a new, statewide historic preservation
tax credit program.
Click here to read the original bill
language and subsequent amendments.
Make Illinois’ historic tax credit program truly
Landmarks Illinois, the American Institute of Architects
(AIA) Illinois, and our partners are advocating to
expand the current
Illinois Rehabilitation and Revitalization Tax Credit
to ensure this incentive is available statewide to
catalyze economic development through preservation.
The current tax credit program is a 25% state income tax
credit for eligible historic projects located only
within River Edge Redevelopment Zones in Aurora, East
St. Louis, Elgin, Peoria, and Rockford. Initially passed
in 2010, and expanded in 2011 (SB2168), the tax credit
as written complicates transactions with limitations on
layering, transferability, and phasing.
Why Does Illinois Need a Statewide Historic
Rehabilitation Tax Credit?
A state historic rehabilitation tax credit is critical
to create new jobs and leverage private investment in
Illinois. Without this tax credit, Illinois risks losing
hundreds of redevelopment, investment, and job creation
opportunities to neighboring states that do have this
type of incentive, thereby slowing our overall economic
Rogers Theatre, Charleston, IL. Credit: Bonnie McDonald