90th General Assembly
Summary of SB1232
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Senate Sponsors:
LAUZEN-CRONIN-RAUSCHENBERGER-FITZGERALD-KARPIEL, DUDYCZ, 
   BUTLER, WALSH,T, PETERSON, SYVERSON, MYERS,J AND BOMKE.

Short description: 
INC TX-RESIDENTIAL CREDIT                                                  

Synopsis of Bill as introduced:
        Amends the Illinois Income Tax Act.  Provides that in addition to      
   the existing tax credit for residential property, for tax years  1998,      
   1999,  2000,  2001,  and  2002,  every  individual  taxpayer  shall be      
   entitled to an additional tax credit equal to 5% of the real  property      
   taxes  paid  by  the taxpayer during the taxable year on the principal      
   residence of the taxpayer.  Effective immediately.                          
 
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 



 Full Text  Bill Status