Illinois General Assembly - Bill Status for HB5430
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 Bill Status of HB5430  102nd General Assembly

Short Description:  INC TX-PROP TX CREDIT

House Sponsors
Rep. Grant Wehrli - Deanne M. Mazzochi - Amy Grant, Lindsay Parkhurst and Tom Weber

Last Action
DateChamber Action
  1/13/2021HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/232 new

Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates a credit for individual taxpayers whose income does not exceed the maximum income limitation and who are (i) 65 years of age or older during the taxable year or (ii) 100% disabled during the taxable year. Provides that the amount of the credit shall be based upon the amount by which the total residential property taxes paid by the taxpayer during the taxable year exceeds a stated percent of income. Effective immediately.

DateChamber Action
  2/14/2020HouseFiled with the Clerk by Rep. Grant Wehrli
  2/14/2020HouseChief Co-Sponsor Rep. Deanne M. Mazzochi
  2/14/2020HouseChief Co-Sponsor Rep. Amy Grant
  2/14/2020HouseCo-Sponsor Rep. Lindsay Parkhurst
  2/14/2020HouseCo-Sponsor Rep. Tom Weber
  2/18/2020HouseFirst Reading
  2/18/2020HouseReferred to Rules Committee
  1/13/2021HouseSession Sine Die

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