Illinois General Assembly - Bill Status for SB3171

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Bill Status of SB3171 96th General Assembly

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Short Description: INC TX-PROP TX CREDIT

Senate Sponsors
Sen. Terry Link - Dan Kotowski - Jacqueline Y. Collins

Last Action

Date	Chamber	Action
1/12/2011	Senate	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 5/208

from Ch. 120, par. 2-208

Synopsis As Introduced
Amends the Illinois Income Tax Act. Provides that an individual taxpayer with an adjusted gross income of less than $125,000 is entitled to an income tax credit if the real property taxes paid by that taxpayer during the taxable year on his or her principal residence exceeds 5% of the taxpayer's adjusted gross income. Provides that the amount of the credit shall not exceed (i) $250 for taxpayers with an adjusted gross income below $75,000 and (ii) $150 for taxpayers with an adjusted gross income of $75,000 or above but less than $125,000. Effective immediately.

Actions

Date	Chamber	Action
2/9/2010	Senate	Filed with Secretary by Sen. Terry Link
2/9/2010	Senate	First Reading
2/9/2010	Senate	Referred to Assignments
2/16/2010	Senate	Assigned to Revenue
2/24/2010	Senate	To Revenue Subcommittee on Property Taxes
3/5/2010	Senate	Rule 2-10 Committee Deadline Established As March 19, 2010
3/12/2010	Senate	Added as Chief Co-Sponsor Sen. Dan Kotowski
3/15/2010	Senate	Added as Chief Co-Sponsor Sen. Jacqueline Y. Collins
3/19/2010	Senate	Rule 3-9(a) / Re-referred to Assignments
1/12/2011	Senate	Session Sine Die

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