Illinois General Assembly - Bill Status for HB2251
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 Bill Status of HB2251  102nd General Assembly

Short Description:  INC TX-NEW RESIDENTS

House Sponsors
Rep. Thaddeus Jones

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

Statutes Amended In Order of Appearance
35 ILCS 5/229 new

Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that each taxpayer who (i) was a resident of another State, (ii) first became a resident of Illinois in a taxable year beginning on or after January 1, 2019, (iii) agrees to reside in Illinois for a period of at least 10 consecutive years, and (iv) applies to the Department of Revenue for a new resident income tax credit is entitled to an income tax credit in the amount of $15,000 per year. Provides for recapture if the taxpayer fails to reside in the State for a period of at least 10 consecutive years after being approved for a credit by the Department. Provides that the credit is exempt from the Act's automatic sunset. Effective immediately.

DateChamber Action
  2/7/2019HouseFiled with the Clerk by Rep. Thaddeus Jones
  2/7/2019HouseFirst Reading
  2/7/2019HouseReferred to Rules Committee
  2/19/2019HouseAssigned to Revenue & Finance Committee
  2/28/2019HouseTo Income Tax Subcommittee
  3/29/2019HouseRule 19(a) / Re-referred to Rules Committee
  1/13/2021HouseSession Sine Die

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