2021-2022 Regular SessionIllinois Legislature

SB4163: INC TX-PROPERTY TAX CREDIT

Legislative Summary

Amends the Illinois Income Tax Act. Increases the credit for for residential real property taxes from 5% to 10% of real property taxes paid by the taxpayer for tax years ending on or after December 31, 2022. Effective immediately.

Bill History

2/9/2022
Filed with Secretary by Sen. Chapin Rose
Senate
2/9/2022
First Reading
Senate
2/9/2022
Referred to Assignments
Senate
2/10/2022
Added as Co-Sponsor Sen. Neil Anderson
Senate
2/10/2022
Added as Co-Sponsor Sen. Dale Fowler
Senate
2/10/2022
Added as Co-Sponsor Sen. Donald P. DeWitte
Senate
2/10/2022
Added as Chief Co-Sponsor Sen. Jil Tracy
Senate
2/10/2022
Added as Co-Sponsor Sen. Terri Bryant
Senate
2/10/2022
Added as Co-Sponsor Sen. Craig Wilcox
Senate
2/10/2022
Added as Co-Sponsor Sen. Darren Bailey
Senate
2/10/2022
Added as Co-Sponsor Sen. Sally J. Turner
Senate
2/14/2022
Added as Chief Co-Sponsor Sen. Brian W. Stewart
Senate
2/14/2022
Added as Chief Co-Sponsor Sen. Jason Plummer
Senate
2/14/2022
Added as Co-Sponsor Sen. Win Stoller
Senate
2/15/2022
Added as Co-Sponsor Sen. Sue Rezin
Senate
2/15/2022
Added as Co-Sponsor Sen. Dan McConchie
Senate
3/1/2022
Added as Co-Sponsor Sen. Jason A. Barickman
Senate
3/1/2022
Added as Co-Sponsor Sen. Steve McClure
Senate
3/1/2022
Added as Co-Sponsor Sen. Dave Syverson
Senate