Bill Status of HB4118 94th General Assembly
Short Description: INC TX-RESIDENTIAL PROP CR
Rep. Ron Stephens
| 1/9/2007||House||Session Sine Die|
Statutes Amended In Order of Appearance
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) 100% of the real property taxes paid by the taxpayer to a school district during the tax year; plus (2) 5% of real property taxes paid by the taxpayer to a taxing body other than a school district during the tax year. Exempts the credit from the Act's sunset provisions. Effective immediately.
|Date||Chamber|| Action|| 9/30/2005||House||Filed with the Clerk by Rep. Ron Stephens|| 10/19/2005||House||First Reading|| 10/19/2005||House||Referred to Rules Committee|| 1/9/2007||House||Session Sine Die|