Bill Status of HB1192  104th General Assembly

Short Description:  INC TX-PROP TX CREDIT

House Sponsors
Rep. Steven Reick, Amy Elik and Brandun Schweizer

Hearings
Revenue & Finance Committee Hearing Mar 20 2025 8:00AM Capitol Building 114 and Virtual Room 1 Springfield, IL
Revenue & Finance Committee Hearing Mar 20 2025 2:00PM Stratton Building Room D-1 Springfield, IL
Property Tax Subcommittee Hearing Mar 20 2025 8:03AM Capitol Building 114 and Virtual Room 1 Springfield, IL
Property Tax Subcommittee Hearing Mar 20 2025 2:03PM Stratton Building Room D-1 Springfield, IL


Last Action
DateChamber Action
  2/25/2025HouseTo Property Tax Subcommittee

Statutes Amended In Order of Appearance
35 ILCS 5/208from Ch. 120, par. 2-208


Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that, if the amount of the credit for residential real property taxes exceeds the taxpayer's liability, that amount shall be refunded if the taxpayer is 65 years or older and has a federal adjusted gross income of not more than $50,000. Provides that the credit is exempt from the Act's automatic sunset provision. Effective immediately.

Actions 
DateChamber Action
  1/9/2025HouseFiled with the Clerk by Rep. Steven Reick
  1/9/2025HouseFirst Reading
  1/9/2025HouseReferred to Rules Committee
  2/11/2025HouseAssigned to Revenue & Finance Committee
  2/25/2025HouseTo Property Tax Subcommittee
  3/10/2025HouseAdded Co-Sponsor Rep. Amy Elik
  3/12/2025HouseAdded Co-Sponsor Rep. Brandun Schweizer
  3/13/2025HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Steven Reick
  3/13/2025HouseHouse Committee Amendment No. 1 Referred to Rules Committee