Do I Qualify for the Illinois Tax Credit for Affordable Housing Donations?

Do I Qualify for the Illinois Tax Credit for Affordable Housing Donations?

Affordable Housing Donations (Credit Code 5260) 35 ILCS 5/214

You may take this credit if

• you have made a donation under Section 7.28 of the Illinois Housing Development Act for the development of affordable housing in Illinois, and

• you made the donation in a tax year ending on or after December 31, 2001 through tax year ending on or before December 31, 2021.

You also may take this credit if it was transferred to you by the donor.

Leave a comment?

0 Comments
Login
REGISTER WITH EMAIL

related articles