Sen. John J. Cullerton

Filed: 5/8/2008

 

 


 

 


 
09500SB2288sam002 LRB095 19753 HLH 50038 a

1
AMENDMENT TO SENATE BILL 2288

2     AMENDMENT NO. ______. Amend Senate Bill 2288 on page 14,
3 line 8, by replacing "Section 218" with "Sections 218 and 219";
4 and
 
5 on page 49, immediately below line 22, by inserting the
6 following:
 
7     "(35 ILCS 5/219 new)
8     Sec. 219. Residential rent credit. Each individual
9 taxpayer residing within a school district within which the
10 local income tax for schools authorized by this Act has been
11 imposed, levied, and collected is entitled to a credit, not to
12 exceed $500, against the tax imposed under this Act in the
13 amount of 5% of the annual rent paid by the taxpayer during the
14 taxable year for the residence of the taxpayer. In no event
15 shall a credit under this Section reduce the taxpayer's
16 liability under this Act to less than zero. This Section is

 

 

09500SB2288sam002 - 2 - LRB095 19753 HLH 50038 a

1 exempt from the provisions of Section 250.".