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Illinois Governor Signs Bill Extending State HTC Program

Tuesday, December 20, 2016 - 4:00PM

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. 

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