June 2018

Illinois General Assembly Passes Bill, Establishing Statewide Historic Preservation Tax Credits

ILLINOIS GENERAL ASSEMBLY PASSES BILL, ESTABLISHING STATEWIDE HISTORIC PRESERVATION TAX CREDITS If signed into law, the bill would be a boon for developers of historic properties in Illinois June 12, 2018 | Earlier this month, the Illinois General Assembly passed SB3527, a bill which both amends and expands the River Edge Redevelopment Zone Historic Tax Credit (RERZ) and establishes a new statewide Illinois Historic Preservation Tax Credit, effectively incenting developers to undertake historic reuse projects across Illinois. If signed into law, the bill...