Illinois General Assembly - Bill Status for HB3050

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Bill Status of HB3050 101st General Assembly

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Short Description: INC TX-LOW-INCOME HOUSING

House Sponsors
Rep. Aaron M. Ortiz

Last Action

Date	Chamber	Action
1/13/2021	House	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 5/229 new

Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that each taxpayer who owns rental property in the State is entitled to an income tax credit if the taxpayer (i) rents the property to a low-income household during the taxable year and (ii) charges rent to that household that is not more than 50% of the fair market rental value for the property. Effective immediately.

Actions

Date	Chamber	Action
2/15/2019	House	Filed with the Clerk by Rep. Aaron M. Ortiz
2/15/2019	House	First Reading
2/15/2019	House	Referred to Rules Committee
2/26/2019	House	Assigned to Revenue & Finance Committee
3/6/2019	House	To Income Tax Subcommittee
3/29/2019	House	Rule 19(a) / Re-referred to Rules Committee
1/13/2021	House	Session Sine Die

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