Illinois General Assembly - Bill Status for HB4034

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Bill Status of HB4034 97th General Assembly

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Short Description: INC TX-HOMEBUYER CREDIT

House Sponsors
Rep. Paul Evans

Last Action

Date	Chamber	Action
1/8/2013	House	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 5/223 new

Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that, for taxable years ending on or after December 31, 2012, and ending on or before December 31, 2016, individual taxpayers who make a purchase of residential real property during the taxable year are entitled to a credit in an amount not to exceed $1,000. Provides that the taxpayer is eligible for the credit if the property is purchased as the taxpayer's principal place of residence and the property is used as the taxpayer's principal place of residence on the last day of the taxable year. Contains provisions allowing the credit to be carried forward. Effective immediately.

Actions

Date	Chamber	Action
1/20/2012	House	Filed with the Clerk by Rep. Paul Evans
1/25/2012	House	First Reading
1/25/2012	House	Referred to Rules Committee
2/15/2012	House	Assigned to Revenue & Finance Committee
3/9/2012	House	Rule 19(a) / Re-referred to Rules Committee
1/8/2013	House	Session Sine Die

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