BUTLER, WALSH,T, PETERSON, SYVERSON, MYERS,J AND BOMKE.
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
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0
END OF INQUIRY
Full Text Bill Status