HB1192: INC TX-PROP TX CREDIT
Legislative Summary
Amends the Illinois Income Tax Act. Provides that, if the amount of the credit for residential real property taxes exceeds the taxpayer's liability, that amount shall be refunded if the taxpayer is 65 years or older and has a federal adjusted gross income of not more than $50,000. Provides that the credit is exempt from the Act's automatic sunset provision. Effective immediately.
Demographic Impact
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Bill History
Amendments
House Amendment 001
House Amendment 001
