Illinois Governor Signs Bill Extending State HTC Program
Illinois Gov. Bruce Rauner today signed a one-year extension of the state’s River Edge Redevelopment Zone historic tax credit. The legislation was passed by the state Legislature Dec. 1. The legislation allows a tax credit of 25 percent of qualified expenditures for the restoration and preservation of a qualified historic structure in a River Edge Redevelopment Zone for taxable years beginning on or after Jan. 1, 2012, and ending before Jan. 1, 2018.