INC TX-HOME PURCHASE CREDIT House SponsorsRep. Ronald A. Wait-Sidney H. Mathias-William B. Black-Fred Crespo 1/11/2011HouseSession Sine Die 35 ILCS 5/218 new Amends the Illinois Income Tax Act. For taxable years ending on or after December 31, 2009 and on or before December 31, 2010, provides that taxpayers are entitled to a credit in an amount equal to 1% of the purchase price of the taxpayer's principal place of residence, subject to certain conditions. Provides that the credit may not exceed $2,000. Effective immediately. 2/9/2009HouseFiled with the Clerk by Rep. Ronald A. Wait 2/9/2009HouseFirst Reading 2/9/2009HouseReferred to Rules Committee 2/11/2009HouseAdded Chief Co-Sponsor Rep. Sidney H. Mathias 2/11/2009HouseAdded Chief Co-Sponsor Rep. William B. Black 2/11/2009HouseAssigned to Revenue & Finance Committee 3/3/2009HouseAdded Chief Co-Sponsor Rep. Fred Crespo 3/13/2009HouseRule 19(a) / Re-referred to Rules Committee 1/11/2011HouseSession Sine Die