CURRIE. 35 ILCS 5/213 new Amends the Illinois Income Tax Act. Creates the Illinois low-income housing tax credit. Grants a taxpayer owning an interest in a qualified project the credit in an amount determined by the Illinois Housing Development Authority to ensure the feasibility of the project. Limits the amount of the credit to an amount equal to the federal credit. Allows an excess credit to be carried forward and applied to the tax liability of the succeeding 10 years. Exempts the credit from the Act's sunset requirements. Effective immediately. FEB-26-2001 H FILED WITH CLERK FEB-27-2001 H FIRST READING FEB-27-2001 H REFERRED TO HOUSE RULES COMMITTEE RULES FEB-28-2001 H ASSIGNED TO COMMITTEE REVENUE MAR-16-2001 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL JAN-07-2003 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary