The proposed amendment is expected to have a minimal direct effect on the financial aspects of the Historic Preservation Tax Credit Act, as it primarily focuses on updating language rather than altering any substantive provisions of the tax credit program. However, improving the clarity of the Act may facilitate better understanding and adherence to its requirements among stakeholders, including property owners and developers involved in historic preservation efforts.
Summary
House Bill 0805, introduced by Rep. Emanuel 'Chris' Welch, proposes a technical amendment to the Historic Preservation Tax Credit Act. The bill aims to clarify language within the existing statute by making minor changes, specifically within the section that addresses the short title of the Act. This legislative adjustment seeks to ensure that the terminology used in relation to the Act is accurate and up to date, enhancing legislative clarity and legal precision.
Contention
Since HB0805 makes only technical changes, it does not appear to have generated significant opposition or controversy among lawmakers. Given its nature as an administrative amendment, discussions surrounding the bill have likely concentrated on the importance of precise legal language in legislative texts. The bill's introduction suggests a commitment to maintaining the efficiency and efficacy of the Historic Preservation Tax Credit program in Illinois.