IllinoisHB4636104th General Assembly (2025–2026)House

NEW MARKETS-CREDITS

Sponsored By: Jay Hoffman

In Committee

Summary

Amends the New Markets Development Program Act. Provides that a credit under the Act may be transferred to an affiliate. Provides that the cap on credits is $37,000,000 for fiscal years beginning on or after July 1, 2029. Makes changes concerning the allocation schedule. Effective immediately.

revenue & finance

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Jay Hoffman

    Affiliation unavailable

Cosponsors

  • Travis Weaver

    Affiliation unavailable

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Rule 19(a) / Re-referred to Rules Committee

    3/27/2026House
  2. Added Co-Sponsor Rep. Travis Weaver

    3/19/2026House
  3. To Tax Credit and Incentives Subcommittee

    2/26/2026House
  4. Assigned to Revenue & Finance Committee

    2/11/2026House
  5. Referred to Rules Committee

    2/3/2026House
  6. First Reading

    2/3/2026House
  7. Filed with the Clerk by Rep. Jay Hoffman

    1/27/2026House

Bill Text

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