Illinois General Assembly - Bill Status for HB4118
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 Bill Status of HB4118  102nd General Assembly


Short Description:  INC TX-RESIDENTIAL PROP CR

House Sponsors
Rep. Ron Stephens

Last Action
DateChamber Action
  1/9/2007HouseSession 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, for tax years ending after December 31, 2005, the amount of the income tax credit for residential real property taxes is: (1) 100% of the real property taxes paid by the taxpayer to a school district during the tax year; plus (2) 5% of real property taxes paid by the taxpayer to a taxing body other than a school district during the tax year. Exempts the credit from the Act's sunset provisions. Effective immediately.

Actions 
DateChamber Action
  9/30/2005HouseFiled with the Clerk by Rep. Ron Stephens
  10/19/2005HouseFirst Reading
  10/19/2005HouseReferred to Rules Committee
  1/9/2007HouseSession Sine Die

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