BERMAN, SILVERSTEIN AND LIGHTFORD. 35 ILCS 5/211 new Amends the Illinois Income Tax Act to create a tax credit for individuals in the amount of 5% of the average monthly rent paid by the taxpayer during the taxable year on his or her residence. Provides that no amount of rent in excess of $1,000 per month shall be used in calculating the average monthly rent. Provides that this credit will be available beginning with tax years ending on or after December 31, 1999 and ending with tax years ending on or before December 31, 2003. Effective immediately. 99-02-18 S FIRST READING 99-02-18 S REFERRED TO SENATE RULES COMMITTEE RULES 99-02-24 S ASSIGNED TO COMMITTEE REVENUE 99-02-24 S ADDED AS A CO-SPONSOR LIGHTFORD 99-03-04 S TO SUBCOMMITTEE 99-03-04 S COMMITTEE REVENUE 99-03-20 S RE-REFERRED TO RULES COMM/RULE 3-9(A) RULES 01-01-09 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary