Bill Status of SB 3171   96th General Assembly

Short Description:  INC TX-PROP TX CREDIT

Senate Sponsors
Sen. Terry Link-Dan Kotowski-Jacqueline Y. Collins

Last Action  View All Actions

DateChamber Action
  1/12/2011SenateSession 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. Provides that an individual taxpayer with an adjusted gross income of less than $125,000 is entitled to an income tax credit if the real property taxes paid by that taxpayer during the taxable year on his or her principal residence exceeds 5% of the taxpayer's adjusted gross income. Provides that the amount of the credit shall not exceed (i) $250 for taxpayers with an adjusted gross income below $75,000 and (ii) $150 for taxpayers with an adjusted gross income of $75,000 or above but less than $125,000. Effective immediately.

Actions 
DateChamber Action
  2/9/2010SenateFiled with Secretary by Sen. Terry Link
  2/9/2010SenateFirst Reading
  2/9/2010SenateReferred to Assignments
  2/16/2010SenateAssigned to Revenue
  2/24/2010SenateTo Revenue Subcommittee on Property Taxes
  3/5/2010SenateRule 2-10 Committee Deadline Established As March 19, 2010
  3/12/2010SenateAdded as Chief Co-Sponsor Sen. Dan Kotowski
  3/15/2010SenateAdded as Chief Co-Sponsor Sen. Jacqueline Y. Collins
  3/19/2010SenateRule 3-9(a) / Re-referred to Assignments
  1/12/2011SenateSession Sine Die

Back To Top