Comments: IL HB3824 | 2015-2016 | 99th General Assembly
Bill Title: Creates the Property Tax Refund Act. Provides that the Department of Revenue shall issue a property tax refund of $500 each year for each parcel of qualified property for which an eligible homeowner paid property taxes. Contains provisions concerning applications. Provides that the Department may request certain information from each county assessor or supervisor of assessments. Provides that, if a county fails to submit the required information, the Department shall not certify to the State Comptroller the amount of the Local Government Distributive Fund allocated to that county until that information is submitted. Provides for implementation without reimbursement by the State. Amends the Illinois Income Tax Act to provide that the tax credit for residential real property taxes applies only for taxable years ending prior to December 31, 2015. Effective immediately.
Spectrum: Partisan Bill (Democrat 14-0)
Status: (Introduced - Dead) 2015-06-04 - Added Co-Sponsor Rep. Sue Scherer [HB3824 Detail]
Text: Latest bill text (Introduced) [HTML]
Spectrum: Partisan Bill (Democrat 14-0)
Status: (Introduced - Dead) 2015-06-04 - Added Co-Sponsor Rep. Sue Scherer [HB3824 Detail]
Text: Latest bill text (Introduced) [HTML]
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