Bill Status of HB4775 100th General Assembly
Short Description: INC TX-PROPERTY TAXES
Rep. Jaime M. Andrade, Jr.
| 1/8/2019||House||Session Sine Die|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates a deduction in an amount equal to the difference between (i) the amount paid by the taxpayer in property taxes during the taxable year and (ii) $10,000, but not to exceed $5,000 per taxpayer in any taxable year. Effective immediately.