Bill Status of HB 4034   97th General Assembly


Short Description:  INC TX-HOMEBUYER CREDIT

House Sponsors
Rep. Paul Evans

Last Action  View All Actions

DateChamber Action
  1/8/2013HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/223 new

Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that, for taxable years ending on or after December 31, 2012, and ending on or before December 31, 2016, individual taxpayers who make a purchase of residential real property during the taxable year are entitled to a credit in an amount not to exceed $1,000. Provides that the taxpayer is eligible for the credit if the property is purchased as the taxpayer's principal place of residence and the property is used as the taxpayer's principal place of residence on the last day of the taxable year. Contains provisions allowing the credit to be carried forward. Effective immediately.

Actions 
DateChamber Action
  1/20/2012HouseFiled with the Clerk by Rep. Paul Evans
  1/25/2012HouseFirst Reading
  1/25/2012HouseReferred to Rules Committee
  2/15/2012HouseAssigned to Revenue & Finance Committee
  3/9/2012HouseRule 19(a) / Re-referred to Rules Committee
  1/8/2013HouseSession Sine Die

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