Senate Sponsors: MUNOZ. Short description: AFFORDABLE HOUSING TAX CREDIT Synopsis of Bill as introduced: Amends the Illinois Income Tax Act. Creates the affordable housing assistance tax credit. Grants a credit equal to 55% of the taxpayer's affordable housing assistance expenditures. Allows an excess credit to be carried forward and applied to the succeeding 10 years. Exempts from the Act's sunset requirements. Effective immediately. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status