Bill Status of HB 4405   103rd General Assembly


Short Description:  INC TX-PROPERTY TAX CREDIT

House Sponsors
Rep. Chris Miller

Last Action  View All Actions

DateChamber Action
  4/5/2024HouseRule 19(a) / Re-referred to Rules Committee

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

Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that, for tax years ending on or after December 31, 2024, the credit for residential real property taxes is (i) 75% of the real property taxes paid by the taxpayer if the taxpayer is younger than 51 years of age on the last day of the tax year and (ii) 50% of the real property taxes paid by the taxpayer if the taxpayer is 51 years of age or older on the last day of the tax year. Provides that the credit is permanent. Effective immediately.

Actions 
DateChamber Action
  1/8/2024HouseFiled with the Clerk by Rep. Chris Miller
  1/16/2024HouseFirst Reading
  1/16/2024HouseReferred to Rules Committee
  3/12/2024HouseAssigned to Revenue & Finance Committee
  4/5/2024HouseRule 19(a) / Re-referred to Rules Committee

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