Illinois General Assembly - Bill Status for SB2624

Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates an income tax credit for certain qualified individual taxpayers who rent a dwelling in Illinois for use as their principal place of residence. Provides that the credit shall be equal to 5% of the documented rental costs paid by such taxpayer during the taxable year on that dwelling. Effective immediately.

Actions

Date	Chamber	Action
10/24/2023	Senate	Filed with Secretary by Sen. Natalie Toro
10/24/2023	Senate	First Reading
10/24/2023	Senate	Referred to Assignments
11/3/2023	Senate	Added as Chief Co-Sponsor Sen. Willie Preston
1/24/2024	Senate	Assigned to Revenue
3/15/2024	Senate	Rule 2-10 Committee Deadline Established As April 5, 2024
4/5/2024	Senate	Rule 2-10 Committee Deadline Established As May 3, 2024

×