House Sponsors: ROSKAM. Short description: INC TX-RESIDENTIAL CREDIT Synopsis of Bill as introduced: 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. Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status