Bill Status of SB1836  103rd General Assembly

Short Description:  INC TX-RENTAL PAYMENTS

Senate Sponsors
Sen. Elgie R. Sims, Jr. - David Koehler

Last Action
DateChamber Action
  3/10/2023SenateRule 3-9(a) / Re-referred to Assignments

Statutes Amended In Order of Appearance
35 ILCS 5/234 new


Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates an income tax credit for 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 
DateChamber Action
  2/9/2023SenateFiled with Secretary by Sen. Elgie R. Sims, Jr.
  2/9/2023SenateFirst Reading
  2/9/2023SenateReferred to Assignments
  2/21/2023SenateAssigned to Revenue
  2/22/2023SenateAdded as Chief Co-Sponsor Sen. David Koehler
  3/10/2023SenateRule 3-9(a) / Re-referred to Assignments