Illinois General Assembly - Bill Status for SB0002
Illinois General Assembly

Previous General Assemblies

 Bill Status of SB0002  97th General Assembly

Short Description:  PROP TX-REBATE

Senate Sponsors
Sen. William Delgado

Last Action
DateChamber Action
  1/8/2013SenateSession Sine Die

Statutes Amended In Order of Appearance
30 ILCS 105/5.786 new
30 ILCS 105/6z-85 new
35 ILCS 5/208from Ch. 120, par. 2-208
35 ILCS 5/517 new

Synopsis As Introduced
Amends the State Finance Act. Creates the Property Tax Rebate Trust Fund. Provides that moneys in the Fund shall be used to pay rebates to taxpayers who file an individual income tax return for a taxable year beginning in the previous calendar year and are responsible for paying real property taxes on a principal residence located in the State. Provides that $64,583,333 shall be transferred from the General Revenue Fund into the Property Tax Rebate Trust Fund each month. Amends the Illinois Income Tax Act. Provides that the credit for residential real property taxes sunsets on December 31, 2010. Effective immediately.

DateChamber Action
  1/13/2011SenateFiled with Secretary by Sen. William Delgado
  1/13/2011SenateFirst Reading
  1/13/2011SenateReferred to Assignments
  1/27/2011SenateAssigned to Revenue
  3/18/2011SenateRule 3-9(a) / Re-referred to Assignments
  1/8/2013SenateSession Sine Die

Back To Top