Bill Status of HB 88   98th General Assembly


Short Description:  INC TX-PROP TX CREDIT-DISABLED

House Sponsors
Rep. Jack D. Franks-Dwight Kay-Rita Mayfield-Carol A. Sente, La Shawn K. Ford, Sam Yingling, Deborah Conroy, Keith Farnham, Martin J. Moylan and Michelle Mussman

Last Action  View All Actions

DateChamber Action
  12/3/2014HouseSession 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, 2013, 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
  1/8/2013HousePrefiled with Clerk by Rep. Jack D. Franks
  1/9/2013HouseFirst Reading
  1/9/2013HouseReferred to Rules Committee
  1/29/2013HouseAdded Co-Sponsor Rep. La Shawn K. Ford
  1/30/2013HouseAssigned to Revenue & Finance Committee
  2/5/2013HouseAdded Chief Co-Sponsor Rep. Dwight Kay
  2/7/2013HouseAdded Co-Sponsor Rep. Sam Yingling
  2/7/2013HouseAdded Co-Sponsor Rep. Deborah Conroy
  2/7/2013HouseAdded Co-Sponsor Rep. Keith Farnham
  2/11/2013HouseAdded Co-Sponsor Rep. Martin J. Moylan
  2/13/2013HouseAdded Co-Sponsor Rep. Michelle Mussman
  3/7/2013HouseAdded Chief Co-Sponsor Rep. Rita Mayfield
  3/7/2013HouseChief Co-Sponsor Changed to Rep. Rita Mayfield
  3/22/2013HouseRule 19(a) / Re-referred to Rules Committee
  3/19/2014HouseAssigned to Revenue & Finance Committee
  3/21/2014HouseTo Income Tax Subcommittee
  3/28/2014HouseRule 19(a) / Re-referred to Rules Committee
  4/25/2014HouseAdded Chief Co-Sponsor Rep. Carol A. Sente
  12/3/2014HouseSession Sine Die

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