Bill Sponsors: IL SB1211 | 2015-2016 | 99th General Assembly
Bill Title: Amends the Illinois Income Tax Act. Creates an income tax credit for taxpayers who purchase a new accessible residence, or retrofit an existing residence to improve accessibility and provide universal visitability. Provides that the credit may not exceed $5,000 for the purchase of a new residence or for the retrofitting of an existing residence. Provides that the total amount of tax credits granted for any fiscal year shall not exceed $2,000,000. Provides that the credit is exempt from the Act's automatic sunset provision.
Spectrum: Moderate Partisan Bill (Democrat 26-3)
Status: (Introduced - Dead) 2016-04-07 - Added as Co-Sponsor Sen. Julie A. Morrison [SB1211 Detail]
Text: Latest bill text (Introduced) [HTML]
Spectrum: Moderate Partisan Bill (Democrat 26-3)
Status: (Introduced - Dead) 2016-04-07 - Added as Co-Sponsor Sen. Julie A. Morrison [SB1211 Detail]
Text: Latest bill text (Introduced) [HTML]