· IL legislature · 104th

NEW MARKETS-CREDITS

Amends the New Markets Development Program Act. Provides that a credit under the Act may be transferred to an affiliate. Provides that the cap on credits is $37,000,000 for fiscal years beginning on or after July 1, 2029. Makes changes concerning the allocation schedule. Effective immediately.

Sponsor

Jay Hoffman (D-IL)

Introduced

2026-01-27

Policy area

Commerce

Latest action

Rule 19(a) / Re-referred to Rules Committee