Date	Chamber	Action
1/4/2006	House	Referred to Rules Committee

Statutes Amended In Order of Appearance

35 ILCS 5/208

from Ch. 120, par. 2-208

Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that, for tax years ending after December 31, 2005, the amount of the income tax credit for residential real property taxes is: (1) 5% of real property taxes paid by the taxpayer to a taxing body other than a school district during the tax year; plus (2) for taxable year 2006, 5% of the real property taxes paid by the taxpayer to a school district during the tax year and to be increased by 5% increments each year thereafter until the credit equals 100% of the real property taxes paid by the taxpayer to a school district during the tax year. Exempts the credit from the Act's sunset provisions. Effective immediately.

Actions 

Date	Chamber	Action
12/20/2005	House	Filed with the Clerk by Rep. Ron Stephens
1/4/2006	House	First Reading
1/4/2006	House	Referred to Rules Committee
1/24/2006	House	Added Chief Co-Sponsor Rep. Thomas Holbrook

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