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We encourage you to contact your state legislators to support the following bills:

 
         
 

Will Rogers Theatre, Charleston, IL

Supporting Organizations

AIA Illinois

Illinois Association of Realtors

Landmarks Illinois

National Trust for Historic Preservation

Preservation Chicago


 

 

Historic Tax Credit

Strengthening Illinois’ Economy by Reinvesting
in Historic Places

 

Update
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.

 

State Historic Tax Credit Fact Sheet

State Historic Tax Credit Economic Study

State Historic Tax Credit Executive Study

Editorial: Yes to historic tax credits
The Dispatch and The Rock Island Argus
March 7, 2014

 

Update
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 projects.

 

A historic tax credit would be immediately accessible to eligible properties in communities across the entire state.

 

Update
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 newly revived 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, D-Smithton.

 

Update

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 information.

  


 

Update

Monday, April 29, 2013 – SB336 was passed over from the Senate to the House of Representative and referred to the Rules Committee.

 


 

Update

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 Senator voted, click here.

 


 

Update

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 McCarter.

 


  

Update

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.

 


  

Update

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 statewide.

 

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 location, incentive 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 recovery.

   

Learn More: State Historic Tax Credit Fact Sheet

Map: Regional State Historic Tax Credit Legislative Initiatives

Case Study Projects: SHTC Case Study Demonstration Sheet

New Report Confirms Symbiotic Relationship of State and Federal Historic Tax Credits

 

Photo: Will Rogers Theatre, Charleston, IL. Credit: Bonnie McDonald

 
         
         
     

State Legislation Archive

 
         
 

 

 

 

 

 

Landmarks Illinois
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