Bill Status of SB3868

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SB3868 - 104th General Assembly

INC TAX-PROP TAX CREDIT
Last Action
2/24/2026 - Senate: Assigned to Revenue
Senate Sponsors
Sen. John F. Curran
Statutes Amended In Order of Appearance
35 ILCS 5/208from Ch. 120, par. 2-208
Synopsis As Introduced
Amends the Illinois Income Tax Act. Increases the tax credit for residential real property taxes from 5% of the real property taxes paid by the taxpayer during the taxable year on the principal residence of the taxpayer to 10% of the real property taxes paid by the taxpayer during the taxable year on the principal residence of the taxpayer. Provides that the credit is exempt from the Act's automatic sunset provision. Effective immediately.
Actions
Date Chamber Action
2/06/2026 Senate Filed with Secretary by Sen. John F. Curran
2/06/2026 Senate First Reading
2/06/2026 Senate Referred to Assignments
2/24/2026 Senate Assigned to Revenue
3/13/2026 Senate Rule 2-10 Committee Deadline Established As April 24, 2026