House Sponsors: WINKEL. Short description: PROPERTY TAX RELIEF-GAMBLING Synopsis of Bill as introduced: 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. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status