FRANKS-LOPEZ. 35 ILCS 5/208 from Ch. 120, par. 2-208 Amends the Illinois Income Tax Act. Provides that an individual taxpayer who is 65 years of age or older and has an annual household income of $35,000 or less shall be entitled to a tax credit equal to 10% of the real property taxes paid by the taxpayer during the taxable year on the principal residence of the taxpayer (now 5% for everyone). Exempts the credit from the sunset provisions. Effective immediately. 99-02-19 H FIRST READING 99-02-19 H REFERRED TO HOUSE RULES COMMITTEE RULES 99-02-24 H ASSIGNED TO COMMITTEE REVENUE 99-03-05 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL 99-03-10 H ADDED AS A JOINT SPONSOR LOPEZ 01-01-09 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary