IL HB1073 | 2023-2024 | 103rd General Assembly
Status
Spectrum: Partisan Bill (Republican 8-0)
Status: Introduced on January 12 2023 - 25% progression
Action: 2024-04-05 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 12 2023 - 25% progression
Action: 2024-04-05 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Summary
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.
Title
INC TX-PROP TX CREDIT
Sponsors
| Rep. Steven Reick [R] | Rep. Martin McLaughlin [R] | Rep. Tony McCombie [R] | Rep. Daniel Swanson [R] |
| Rep. Norine Hammond [R] | Rep. Tom Weber [R] | Rep. Dave Severin [R] | Rep. Kevin Schmidt [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2024-04-05 | House | Rule 19(a) / Re-referred to Rules Committee |
| 2024-03-08 | House | To Revenue-Income Tax Subcommittee |
| 2024-02-14 | House | Assigned to Revenue & Finance Committee |
| 2024-02-02 | House | Added Co-Sponsor Rep. Kevin Schmidt |
| 2023-11-08 | House | Added Co-Sponsor Rep. Dave Severin |
| 2023-11-08 | House | Added Co-Sponsor Rep. Tom Weber |
| 2023-08-08 | House | Added Co-Sponsor Rep. Norine K. Hammond |
| 2023-06-22 | House | Added Co-Sponsor Rep. Dan Swanson |
| 2023-05-09 | House | Added Co-Sponsor Rep. Tony M. McCombie |
| 2023-03-10 | House | Rule 19(a) / Re-referred to Rules Committee |
| 2023-03-02 | House | To Revenue-Income Tax Subcommittee |
| 2023-02-28 | House | Assigned to Revenue & Finance Committee |
| 2023-02-21 | House | Added Co-Sponsor Rep. Martin McLaughlin |
| 2023-01-12 | House | Referred to Rules Committee |
| 2023-01-12 | House | First Reading |
| 2023-01-03 | House | Prefiled with Clerk by Rep. Steven Reick |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 35 | 5 | 208 | Amended Code | Citation Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1073&GAID=17&DocTypeID=HB&SessionID=112&GA=103 |
| Text | https://www.ilga.gov/legislation/103/HB/10300HB1073.htm |
