LAUZEN. 35 ILCS 5/208 from Ch. 120, par. 2-208 35 ILCS 5/212 new Amends the Illinois Income Tax Act. Grants individual taxpayers a tax credit equal to 10% (now, 5%) of real property taxes paid during the year. Provides that the amount of an excess credit shall be refunded to the taxpayer. Exempts this tax credit from the Act's sunset provisions. For taxable years 2000 through 2004, creates another credit for an individual in the amount of 20% of the federal earned income tax credit for that individual. Effective immediately. 00-01-12 S FIRST READING 00-01-12 S REFERRED TO SENATE RULES COMMITTEE RULES 01-01-09 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary