IL SB2132 | 2015-2016 | 99th General Assembly
Status
Sponsorship: Partisan Bill (Democrat 2)
Status: Introduced on May 7 2015 - 25% progression, died in committee
Action: 2015-05-27 - Added as Chief Co-Sponsor Sen. Julie A. Morrison
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on May 7 2015 - 25% progression, died in committee
Action: 2015-05-27 - Added as Chief Co-Sponsor Sen. Julie A. Morrison
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Illinois Income Tax Act. Increases the amount of the tax credit for residential real property taxes from 5% to 10% of real property taxes paid by the taxpayer during the taxable year on the principal residence of the taxpayer. Provides that the credit is exempt from the Act's automatic sunset provision. Effective immediately.
Title
INC TX-PROP TX CREDIT
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2015-05-27 | Senate | Added as Chief Co-Sponsor Sen. Julie A. Morrison |
| 2015-05-07 | Senate | Referred to Assignments |
| 2015-05-07 | Senate | First Reading |
| 2015-05-07 | Senate | Filed with Secretary by Sen. Dan Kotowski |
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=2132&GAID=13&DocTypeID=SB&SessionID=88&GA=99 |
| Text | https://www.ilga.gov/legislation/99/SB/09900SB2132.htm |
