90th General Assembly
Status of SB1537
   [ Home ]   [ Back ]   [ Legislation ]
Legislation:  
Please enter a bill number.



 Full Text  Bill Summary
BERMAN-FARLEY.

   35 ILCS 5/211 new                                                           

        Amends the Illinois Income Tax Act to create  a  tax  credit  for      
   individuals  in  the  amount of 5% of the average monthly rent paid by      
   the taxpayer  during  the  taxable  year  on  his  or  her  residence.      
   Provides that no amount of rent in excess of $1,000 per month shall be      
   used  in  calculating  the  average  monthly rent.  Provides that this      
   credit will be available beginning with tax years ending on  or  after      
   December  31,  1998  and  ending  with  tax  years ending on or before      
   December 31, 2002.                                                          
   98-02-19  S  FIRST READING                                                  
   98-02-19  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   99-01-12  S  SESSION SINE DIE                                               

   END OF INQUIRY 



 Full Text  Bill Summary