House Sponsors: FRANKS-LOPEZ. Short description: INC TX-PROP TX CR-SENIORS Synopsis of Bill as introduced: Amends the Illinois Income Tax Act. Provides that an individual taxpayer who is 65 years of age or older and has an annual household income of $35,000 or less shall be entitled to a tax credit equal to 10% of the real property taxes paid by the taxpayer during the taxable year on the principal residence of the taxpayer (now 5% for everyone). Exempts the credit from the sunset provisions. Effective immediately. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status