Bill Title: Amends the Illinois Income Tax Act. In a Section granting a tax credit for residential real property taxes, provides that, for tax years beginning on or after January 1, 2013, if the taxpayer qualifies for the disabled persons' homestead exemption under the Property Tax Code, then the taxpayer is entitled to a credit equal to 10% (instead of 5%) of real property taxes paid by the taxpayer during the taxable year on the qualifying property. Provides that the credit may not be carried forward or back and may not reduce the taxpayer's liability to less than zero. Exempts the credit from the Act's automatic sunset provision. Effective immediately.

Spectrum: Moderate Partisan Bill (Democrat 9-1)

Status: (Failed) 2014-12-03 - Session Sine Die [HB0088 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2013-01-09	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois HB0088

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois HB0088 currently on file.

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