Illinois State Historic Tax Credit Would Be Extended Five Years Under Legislation

Tuesday, February 16, 2021 - 11:45AM

The Illinois Rivers Edge Tax Credit, the state historic tax credit (HTC), would be extended five years under a bill introduced in the state Legislature. S.B. 157 would extend the sunset date from Jan. 1, 2022 to 2027. The credit is for 25% of qualified rehabilitation expenditures in areas that are located within the River Edge Redevelopment Zone and meet four other qualifications.

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