Bill Status of SB 3163   96th General Assembly


Short Description:  INC TX-CREDIT-MODIFY RESIDENCE

Senate Sponsors
Sen. Matt Murphy

Last Action  View All Actions

DateChamber Action
  1/12/2011SenateSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/219 new

Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates a credit for individual taxpayers in an amount equal to the total amount of expenditures made by the taxpayer during the taxable year for the purpose of modifying the taxpayer's primary residence to accommodate a person with a disability. Provides that the amount of the credit may not exceed $500 in any taxable year. Provides that the credit may not reduce the taxpayer's liability to less than zero. Provides that, if the amount of the credit exceeds the taxpayer's liability for the taxable year, the excess credit may not be carried forward or back and shall not be refunded to the taxpayer. Exempts the credit from the Act's automatic sunset provisions. Effective immediately.

Actions 
DateChamber Action
  2/9/2010SenateFiled with Secretary by Sen. Matt Murphy
  2/9/2010SenateFirst Reading
  2/9/2010SenateReferred to Assignments
  2/24/2010SenateAssigned to Revenue
  3/8/2010SenateTo Revenue Subcommittee on Special Issues
  3/8/2010SenateRule 3-9(a) / Re-referred to Assignments
  1/12/2011SenateSession Sine Die

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