FEIGENHOLTZ-SANTIAGO AND GILES. 35 ILCS 5/211 new Amends the Illinois Income Tax Act to create a tax credit for individuals in the amount of 3% of the average monthly rent paid by the taxpayer during the taxable year on his or her residence. Provides that no amount of rent in excess of $1,000 per month shall be used in calculating the average monthly rent. Sunsets the credit after 10 years. Effective immediately. 97-01-16 H FIRST READING 97-01-16 H REFERRED TO HOUSE RULES COMMITTEE RULES 97-01-22 H ASSIGNED TO COMMITTEE REVENUE 97-01-23 H ADDED AS A JOINT SPONSOR SANTIAGO 97-02-06 H ADDED AS A CO-SPONSOR GILES 97-02-27 H ADDED AS A CO-SPONSOR MCCARTHY 97-03-21 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL 99-01-12 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary