IL HB5476 | 2021-2022 | 102nd General Assembly
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 28 2022 - 25% progression, died in committee
Action: 2022-02-18 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 28 2022 - 25% progression, died in committee
Action: 2022-02-18 - 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. Creates an income tax credit for taxpayers who own and operate a grocery store in a county with a population of 150,000 or fewer inhabitants and are liable for the payment of real property taxes at the location where that grocery store is located. Provides that the credit is in an amount equal to the property taxes paid by the taxpayer during the taxable year on the real property that contains that grocery store. Effective immediately.
Title
INC TX-GROCERY STORE
Sponsors
| Rep. Paul Jacobs [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2022-02-18 | House | Rule 19(a) / Re-referred to Rules Committee |
| 2022-02-15 | House | To Income Tax Subcommittee |
| 2022-02-09 | House | Assigned to Revenue & Finance Committee |
| 2022-01-31 | House | Referred to Rules Committee |
| 2022-01-31 | House | First Reading |
| 2022-01-28 | House | Filed with the Clerk by Rep. Paul Jacobs |
Code Citations
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=5476&GAID=16&DocTypeID=HB&SessionID=110&GA=102 |
| Text | https://www.ilga.gov/legislation/102/HB/10200HB5476.htm |
