92nd General Assembly
Status of HB2057
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WINKEL.

   35 ILCS 5/208.2 new                                                         
   230 ILCS 10/13.5 new                                                        
   30 ILCS 105/5.545 new                                                       

        Amends the Illinois Income Tax  Act.   Provides  that,  beginning      
   with  property  taxes  paid  in  2002, an individual taxpayer who paid      
   residential real property taxes in the taxable year on the  taxpayer's      
   principal  Illinois  residence is entitled to a 5% rebate of the taxes      
   paid.  Amends the Riverboat Gambling Act.  Provides that, beginning on      
   January 1, 2002, in addition to the  tax  imposed  under  the  Act,  a      
   surcharge  is imposed on persons engaged in the business of conducting      
   riverboat gambling operations equal to the amount of the existing tax.      
   Provides that all of the revenue generated by the surcharge  shall  be      
   deposited into the Property Tax Relief Fund and that the moneys in the      
   Fund, subject to appropriation, shall be used exclusively for property      
   tax  relief.   Amends the State Finance Act to create the Property Tax      
   Relief Fund.  Effective immediately.                                        
   FEB-21-2001  H  FILED WITH CLERK                                               
   FEB-21-2001  H  FIRST READING                                                  
   FEB-21-2001  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   FEB-22-2001  H       ASSIGNED TO COMMITTEE               REVENUE               
   MAR-16-2001  H  RE-REFERRED TO RULES COMM/RULE 19(A)     RULES         HRUL    
   JAN-07-2003  H  SESSION SINE DIE                                               

   END OF INQUIRY 



 Full Text  Bill Summary