IL HB0088 | 2013-2014 | 98th General Assembly

Status

Completed Legislative Action
Spectrum: Moderate Partisan Bill (Democrat 9-1)
Status: Failed on December 3 2014 - 100% progression
Action: 2014-12-03 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Illinois Income Tax Act. In a Section granting a tax credit for residential real property taxes, provides that, for tax years beginning on or after January 1, 2013, if the taxpayer qualifies for the disabled persons' homestead exemption under the Property Tax Code, then the taxpayer is entitled to a credit equal to 10% (instead of 5%) of real property taxes paid by the taxpayer during the taxable year on the qualifying property. Provides that the credit may not be carried forward or back and may not reduce the taxpayer's liability to less than zero. Exempts the credit from the Act's automatic sunset provision. Effective immediately.

Tracking Information

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Title

INC TX-PROP TX CREDIT-DISABLED

Sponsors


History

DateChamberAction
2014-12-03HouseSession Sine Die
2014-04-25HouseAdded Chief Co-Sponsor Rep. Carol A. Sente
2014-03-28HouseRule 19(a) / Re-referred to Rules Committee
2014-03-21HouseTo Income Tax Subcommittee
2014-03-19HouseAssigned to Revenue & Finance Committee
2013-03-22HouseRule 19(a) / Re-referred to Rules Committee
2013-03-07HouseChief Co-Sponsor Changed to Rep. Rita Mayfield
2013-03-07HouseAdded Chief Co-Sponsor Rep. Rita Mayfield
2013-02-13HouseAdded Co-Sponsor Rep. Michelle Mussman
2013-02-11HouseAdded Co-Sponsor Rep. Martin J. Moylan
2013-02-07HouseAdded Co-Sponsor Rep. Keith Farnham
2013-02-07HouseAdded Co-Sponsor Rep. Deborah Conroy
2013-02-07HouseAdded Co-Sponsor Rep. Sam Yingling
2013-02-05HouseAdded Chief Co-Sponsor Rep. Dwight Kay
2013-01-30HouseAssigned to Revenue & Finance Committee
2013-01-29HouseAdded Co-Sponsor Rep. La Shawn K. Ford
2013-01-09HouseReferred to Rules Committee
2013-01-09HouseFirst Reading
2013-01-08HousePrefiled with Clerk by Rep. Jack D. Franks

Code Citations

ChapterArticleSectionCitation TypeStatute Text
355208Amended CodeCitation Text

Illinois State Sources


Bill Comments

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