LAUZEN-CRONIN-RAUSCHENBERGER-FITZGERALD-KARPIEL, DUDYCZ, BUTLER, WALSH,T, PETERSON, SYVERSON, MYERS,J AND BOMKE. 35 ILCS 5/208 from Ch. 120, par. 2-208 Amends the Illinois Income Tax Act. Provides that in addition to the existing tax credit for residential property, for tax years 1998, 1999, 2000, 2001, and 2002, every individual taxpayer shall be entitled to an additional tax credit equal to 5% of the real property taxes paid by the taxpayer during the taxable year on the principal residence of the taxpayer. Effective immediately. 98-01-14 S FIRST READING 98-01-14 S REFERRED TO SENATE RULES COMMITTEE RULES 98-01-15 S ADDED AS A CHIEF CO-SPONSOR CRONIN 98-01-15 S ADDED AS A CHIEF CO-SPONSOR RAUSCHENBERGER 98-01-15 S ADDED AS A CHIEF CO-SPONSOR FITZGERALD 98-01-15 S ADDED AS A CHIEF CO-SPONSOR KARPIEL 98-01-15 S ADDED AS A CO-SPONSOR DUDYCZ 98-01-15 S ADDED AS A CO-SPONSOR O'MALLEY 98-01-15 S ADDED AS A CO-SPONSOR BUTLER 98-01-15 S ADDED AS A CO-SPONSOR WALSH,T 98-01-15 S ADDED AS A CO-SPONSOR PETERSON 98-01-15 S ADDED AS A CO-SPONSOR SYVERSON 98-01-15 S ADDED AS A CO-SPONSOR MYERS,J 98-01-15 S ADDED AS A CO-SPONSOR BOMKE 98-02-03 S ADDED AS A CO-SPONSOR RADOGNO 98-02-04 S SPONSOR REMOVED RADOGNO 99-01-12 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary