IL HB5430 | 2019-2020 | 101st General Assembly

Illinois House Bill 5430 (Prior Session Legislation)

Status

Spectrum: Partisan Bill (Republican 5-0)
Status: Introduced on February 14 2020 - 25% progression, died in committee
Action: 2020-02-18 - Referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Illinois Income Tax Act. Creates a credit for individual taxpayers whose income does not exceed the maximum income limitation and who are (i) 65 years of age or older during the taxable year or (ii) 100% disabled during the taxable year. Provides that the amount of the credit shall be based upon the amount by which the total residential property taxes paid by the taxpayer during the taxable year exceeds a stated percent of income. Effective immediately.

Title

INC TX-PROP TX CREDIT

History

Date	Chamber	Action
2020-02-18	House	Referred to Rules Committee
2020-02-18	House	First Reading
2020-02-14	House	Co-Sponsor Rep. Tom Weber
2020-02-14	House	Co-Sponsor Rep. Lindsay Parkhurst
2020-02-14	House	Chief Co-Sponsor Rep. Amy Grant
2020-02-14	House	Chief Co-Sponsor Rep. Deanne M. Mazzochi
2020-02-14	House	Filed with the Clerk by Rep. Grant Wehrli

Code Citations

Chapter	Article	Section	Citation Type	Statute Text
35	5	232	New Code	See Bill Text

Illinois State Sources

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=5430&GAID=15&DocTypeID=HB&SessionID=108&GA=101
Text	https://www.ilga.gov/legislation/101/HB/10100HB5430.htm