Bill Status of HB5082  102nd General Assembly


Short Description:  INC TX-RENTAL PAYMENTS

House Sponsors
Rep. Michael J. Zalewski

Last Action
DateChamber Action
  1/27/2022HouseReferred to Rules Committee

Statutes Amended In Order of Appearance
35 ILCS 5/232 new


Synopsis As Introduced
Amends the Illinois Income Tax Act. Creates an income tax credit for individual taxpayers who rent a dwelling in Illinois for use as their principal place of residence. Provides that the credit shall be equal to 5% of the documented rental costs paid by such taxpayer during the taxable year on the principal place of residence of the taxpayer. Effective immediately.

Actions 
DateChamber Action
  1/26/2022HouseFiled with the Clerk by Rep. Michael J. Zalewski
  1/27/2022HouseFirst Reading
  1/27/2022HouseReferred to Rules Committee