Illinois Senate Bill 3171 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 3-0)
Status: Introduced on February 9 2010 - 25% progression, died in committee
Action: 2010-03-19 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Illinois Income Tax Act. Provides that an individual taxpayer with an adjusted gross income of less than $125,000 is entitled to an income tax credit if the real property taxes paid by that taxpayer during the taxable year on his or her principal residence exceeds 5% of the taxpayer's adjusted gross income. Provides that the amount of the credit shall not exceed (i) $250 for taxpayers with an adjusted gross income below $75,000 and (ii) $150 for taxpayers with an adjusted gross income of $75,000 or above but less than $125,000. Effective immediately.

INC TX-PROP TX CREDIT

Sen. Jacqueline Collins [D]

Sen. Dan Kotowski [D]

Sen. Terry Link [D]

Date	Chamber	Action
2010-03-19		Rule 3-9(a) / Re-referred to Assignments
2010-03-15		Added as Chief Co-Sponsor Sen. Jacqueline Y. Collins
2010-03-12		Added as Chief Co-Sponsor Sen. Dan Kotowski
2010-03-05		Rule 2-10 Committee Deadline Established As March 19, 2010
2010-02-24		To Revenue Subcommittee on Property Taxes
2010-02-16		Assigned to Revenue
2010-02-09		Referred to Assignments
2010-02-09		First Reading
2010-02-09		Filed with Secretary by Sen. Terry Link

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3171&GAID=10&DocTypeID=SB&SessionID=76&GA=96
Text	https://www.ilga.gov/legislation/96/SB/09600SB3171.htm