Illinois General Assembly - Bill Status for HB2429
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 Bill Status of HB2429  103rd General Assembly


Short Description:  INC TX-RENTAL PAYMENTS

House Sponsors
Rep. Will Guzzardi

Last Action
DateChamber Action
  2/15/2023HouseReferred to Rules Committee

Statutes Amended In Order of Appearance
35 ILCS 5/234 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 that dwelling. Effective immediately.

Actions 
DateChamber Action
  2/14/2023HouseFiled with the Clerk by Rep. Will Guzzardi
  2/15/2023HouseFirst Reading
  2/15/2023HouseReferred to Rules Committee

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