Illinois General Assembly - Bill Status for SB1757
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 Bill Status of SB1757  102nd General Assembly


Short Description:  INC TX-PROPERTY TAX CREDIT

Senate Sponsors
Sen. Carole Pankau

Last Action
DateChamber Action
  1/9/2007SenateSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 5/208from Ch. 120, par. 2-208


Synopsis As Introduced
Amends the Illinois Income Tax Act. In a provision concerning the tax credit for residential real property taxes, provides that, for taxable years ending on or after December 31, 2005, the amount of the credit is a percentage, based upon the taxpayer's household income, of the real property taxes paid by the taxpayer during the taxable year on the principal residence of the taxpayer (now, the amount of the credit is 5% of the real property taxes for all taxpayers). Effective immediately.

Actions 
DateChamber Action
  2/25/2005SenateFiled with Secretary by Sen. Carole Pankau
  2/25/2005SenateFirst Reading
  2/25/2005SenateReferred to Rules
  1/9/2007SenateSession Sine Die

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