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Legislation Proposes Increase in Illinois HTC Annual Cap

Friday, January 17, 2020 - 11:30AM

The annual cap for the Illinois state historic tax credit (HTC) would increase to $45 million, under a bill introduced to the state General Assembly. H.B. 4054 would increase the cap from $15 million. The Illinois HTC is for 25 percent of qualified rehabilitation expenses.

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