Bill Title: Amends the Illinois Income Tax Act. Creates the Welcome Home Illinois tax credit. Provides that each taxpayer who is a first-time homebuyer of a principal residence in the State during the taxable year is entitled to an income tax credit in an amount equal to $500. Effective immediately.
Sponsorship: Partisan Bill (Republican 12)
Status: (Introduced - Dead) 2026-07-09 - Added as Co-Sponsor Sen. Dave Syverson
[SB3959 Detail]
Bill Drafts
| Revision | Date | Format | Source | View |
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| Introduced | 2026-02-06 | HTML/Text | Link | View |
Amendments
| Amendment | Date | Disposition | Format | Source | View |
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| No bill amendments currently on file for Illinois SB3959 |
Supplemental Documents
| Title | Description | Date | Format | Source | View |
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| No supplemental documents for Illinois SB3959 currently on file. |
