Bill Title: Amends the Illinois Income Tax Act. Provides that each taxpayer who owns rental property in the State is entitled to an income tax credit if the taxpayer (i) rents the property to a low-income household during the taxable year and (ii) charges rent to that household that is not more than 50% of the fair market rental value for the property. Effective immediately.

Sponsorship: Partisan Bill (Democrat 1)

Status: (Introduced - Dead) 2019-03-29 - Rule 19(a) / Re-referred to Rules Committee [HB3050 Detail]

Text: Latest bill text (Introduced) [HTML]

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