Bill Title: Amends the Illinois Income Tax Act. Creates an income tax credit for certain qualified individual taxpayers who rent a dwelling in Illinois for use as their principal place of residence. Provides that the credit shall be equal to 5% of the documented rental costs paid by such taxpayer during the taxable year on that dwelling. Effective immediately.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Introduced) 2024-05-03 - Rule 3-9(a) / Re-referred to Assignments
[SB2624 Detail]
Bill Drafts
| Revision | Date | Format | Source | View |
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| Introduced | 2023-10-24 | HTML/Text | Link | View |
Amendments
| Amendment | Date | Disposition | Format | Source | View |
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| No bill amendments currently on file for Illinois SB2624 |
Supplemental Documents
| Title | Description | Date | Format | Source | View |
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| No supplemental documents for Illinois SB2624 currently on file. |
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