Illinois General Assembly - Bill Status for HB0157
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 Bill Status of HB0157  99th General Assembly


Short Description:  INC TX-PROP TX CREDIT-DISABLED

House Sponsors
Rep. Jack D. Franks, John M. Cabello and Cynthia Soto

Last Action
DateChamber Action
  1/10/2017HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/208from Ch. 120, par. 2-208


Synopsis As Introduced
Amends the Illinois Income Tax Act. In a Section granting a tax credit for residential real property taxes, provides that, for tax years beginning on or after January 1, 2015, if the taxpayer qualifies for the disabled persons' homestead exemption under the Property Tax Code, then the taxpayer is entitled to a credit equal to 10% (instead of 5%) of real property taxes paid by the taxpayer during the taxable year on the qualifying property. Provides that the credit may not be carried forward or back and may not reduce the taxpayer's liability to less than zero. Exempts the credit from the Act's automatic sunset provision. Effective immediately.

Actions 
DateChamber Action
  1/14/2015HouseFiled with the Clerk by Rep. Jack D. Franks
  1/14/2015HouseFirst Reading
  1/14/2015HouseReferred to Rules Committee
  1/28/2015HouseAdded Co-Sponsor Rep. John M. Cabello
  2/3/2015HouseAssigned to Revenue & Finance Committee
  2/20/2015HouseTo Income Tax Subcommittee
  3/4/2015HouseAdded Co-Sponsor Rep. Cynthia Soto
  3/27/2015HouseRule 19(a) / Re-referred to Rules Committee
  1/10/2017HouseSession Sine Die

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