DANIELS-BOST-JONES,JOHN-RIGHTER-KOSEL, BIGGERT, BRADY, CHURCHILL, COULSON, COWLISHAW, JOHNSON,TOM, KRAUSE, MULLIGAN, PARKE, PERSICO, ROSKAM, SKINNER, TENHOUSE, WINTERS, ZICKUS, MEYER, WOJCIK, KUBIK, BERGMAN, LEITCH, RYDER, CROSS, MOFFITT, DURKIN, MYERS, BLACK, HASSERT, BEAUBIEN, PANKAU, LAWFER, WIRSING, SAVIANO, MITCHELL, NOLAND, BIGGINS, CLAYTON, RUTHERFORD, MOORE,ANDREA, LINDNER, POE WINKEL. 35 ILCS 5/208 from Ch. 120, par. 2-208 35 ILCS 5/208.5 new Amends the Illinois Income Tax Act. Provides that in addition to the existing tax credit for residential property, for the 1998 tax year and thereafter, every individual taxpayer whose principal residence has an equalized assessed value as determined by the Department of Revenue of less than $166,667 shall be entitled to an additional tax credit equal to 5% of the real property taxes paid by the taxpayer during the taxable year on the principal residence of the taxpayer. Creates a credit against the taxes imposed under the Act for Subchapter S Corporations and sole proprietorships in an amount equal to 5% of the property taxes paid by the Subchapter S Corporation and the sole proprietorship during the taxable year on eligible property owned by the corporation or proprietorship. Provides that eligible property has an equalized assessed value of less than (i) $399,000 in counties with 3,000,000 or more inhabitants or (ii) $166,667 in counties with fewer than 3,000,000 inhabitants. Exempts the credits from the sunset provisions. Effective immediately. 98-02-17 H FILED WITH CLERK 98-02-17 H ADDED AS A JOINT SPONSOR BOST 98-02-17 H ADDED AS A CO-SPONSOR JONES,JOHN 98-02-17 H ADDED AS A CO-SPONSOR RIGHTER 98-02-17 H ADDED AS A CO-SPONSOR KOSEL 98-02-17 H FIRST READING 98-02-17 H REFERRED TO HOUSE RULES COMMITTEE RULES 98-02-18 H MOTION TO ASSIGN HB 3615 98-02-18 H TO HOUSE REVENUE 98-02-18 H COMM.-CHURCHILL 98-02-18 H MOTION LOST 001-003-000 98-02-18 H COMMITTEE RULES 98-02-24 H ADDED AS A CO-SPONSOR BIGGERT 98-02-24 H ADDED AS A CO-SPONSOR BRADY 98-02-24 H ADDED AS A CO-SPONSOR BROWN 98-02-24 H ADDED AS A CO-SPONSOR CHURCHILL 98-02-24 H ADDED AS A CO-SPONSOR COULSON 98-02-24 H ADDED AS A CO-SPONSOR COWLISHAW 98-02-24 H ADDED AS A CO-SPONSOR JOHNSON,TOM 98-02-24 H ADDED AS A CO-SPONSOR KRAUSE 98-02-24 H ADDED AS A CO-SPONSOR LYONS,EILEEN 98-02-24 H ADDED AS A CO-SPONSOR MULLIGAN 98-02-24 H ADDED AS A CO-SPONSOR PARKE 98-02-24 H ADDED AS A CO-SPONSOR PERSICO 98-02-24 H ADDED AS A CO-SPONSOR ROSKAM 98-02-24 H ADDED AS A CO-SPONSOR SKINNER 98-02-24 H ADDED AS A CO-SPONSOR TENHOUSE 98-02-24 H ADDED AS A CO-SPONSOR TURNER,JOHN 98-02-24 H ADDED AS A CO-SPONSOR WINTERS 98-02-24 H ADDED AS A CO-SPONSOR ZICKUS 98-02-24 H ADDED AS A CO-SPONSOR MEYER 98-02-24 H ADDED AS A CO-SPONSOR WOJCIK 98-02-24 H ADDED AS A CO-SPONSOR KUBIK 98-02-24 H ADDED AS A CO-SPONSOR BERGMAN 98-02-24 H ADDED AS A CO-SPONSOR LEITCH 98-02-24 H ADDED AS A CO-SPONSOR STEPHENS 98-02-24 H ADDED AS A CO-SPONSOR RYDER 98-02-24 H ADDED AS A CO-SPONSOR CROSS 98-02-24 H ADDED AS A CO-SPONSOR MOFFITT 98-02-24 H ADDED AS A CO-SPONSOR DURKIN 98-02-24 H ADDED AS A CO-SPONSOR MYERS 98-02-24 H ADDED AS A CO-SPONSOR BLACK 98-02-24 H ADDED AS A CO-SPONSOR HASSERT 98-02-24 H ADDED AS A CO-SPONSOR MCAULIFFE 98-02-24 H ADDED AS A CO-SPONSOR BEAUBIEN 98-02-24 H ADDED AS A CO-SPONSOR PANKAU 98-02-24 H ADDED AS A CO-SPONSOR LAWFER 98-02-24 H ADDED AS A CO-SPONSOR WIRSING 98-02-24 H ADDED AS A CO-SPONSOR SAVIANO 98-02-24 H ADDED AS A CO-SPONSOR MITCHELL 98-02-24 H ADDED AS A CO-SPONSOR KLINGLER 98-02-24 H ADDED AS A CO-SPONSOR NOLAND 98-02-24 H ADDED AS A CO-SPONSOR BIGGINS 98-02-24 H ADDED AS A CO-SPONSOR CLAYTON 98-02-24 H ADDED AS A CO-SPONSOR RUTHERFORD 98-02-24 H ADDED AS A CO-SPONSOR MOORE,ANDREA 98-02-24 H ADDED AS A CO-SPONSOR LINDNER 98-02-24 H ADDED AS A CO-SPONSOR POE 98-02-24 H ADDED AS A CO-SPONSOR WINKEL 98-04-01 H MOTION TO SEND HB 3615 98-04-01 H TO HOUSE FLOOR 98-04-01 H -CHURCHILL 98-04-01 H MOTION LOST 002-003-000 98-04-01 H COMMITTEE RULES 98-04-30 H MOTION FILED TO DISCHARGE COMMITTEE PLACE ON CALENDAR 98-04-30 H FOR IMMEDIATE 98-04-30 H CONSIDERATION 98-04-30 H -BLACK 98-04-30 H CHAIR RULES MOTIN OUT OF ORDER 98-04-30 H APPEAL RULING OF CHAIR BLACK 98-04-30 H SHALL THE CHAIR BE SUSTAINED 98-04-30 H MOTION PREVAILED/CHAIR SUSTAINED 060-057-000 98-04-30 H MOTION FILED EXTEND COMMITTEE 98-04-30 H & 3RD READING 98-04-30 H DEADLINE UNTIL 98-04-30 H MAY 22, 1998/CROSS 98-04-30 H CHAIR RULES MOTIN OUT OF ORDER 98-04-30 H APPEAL RULING OF CHAIR CROSS 98-04-30 H SHALL THE CHAIR BE SUSTAINED 98-04-30 H MOTION PREVAILED/CHAIR SUSTAINED 060-057-000 98-04-30 H COMMITTEE RULES 98-05-06 H MOTION TO SEND HB 3615 98-05-06 H TO HOUSE REVENUE 98-05-06 H -CHURCHILL 98-05-06 H MOTION LOST 002-003-000 98-05-06 H COMMITTEE RULES 98-05-13 H MOTION PURSUANT TO RULE 98-05-13 H 18(G), I MOVE TO 98-05-13 H DISCHARGE RULES 98-05-13 H FROM FURTHER 98-05-13 H CONSIDERATION AND 98-05-13 H PLACE ON CALENDAR 98-05-13 H FOR IMMEDIATE 98-05-13 H CONSIDERTION-BLACK 98-05-13 H REP. CURRIE OBJECT 98-05-13 H CHAIR RULES MOTIN OUT OF ORDER 98-05-13 H APPEAL RULING OF CHAIR CROSS 98-05-13 H SHALL THE CHAIR BE SUSTAINED 98-05-13 H MOTION PREVAILED/CHAIR SUSTAINED 060-058-000 98-05-13 H COMMITTEE RULES 98-05-18 H MOTION DISCHARGE HOUSE 98-05-18 H RULES AND PLACE ON 98-05-18 H CALENDAR FOR 98-05-18 H CONSIDERATION - 98-05-18 H CHURCHILL 98-05-18 H MOTION LOST 002-002-000 98-05-18 H COMMITTEE RULES 98-05-19 H MOTION FILED PURSUANT TO RULE 98-05-19 H 18(G), I MOVE TO 98-05-19 H DISCHARGE RULES 98-05-19 H FROM FURTHER 98-05-19 H CONSIDERATION AND 98-05-19 H PLACE ON CALENDAR 98-05-19 H FOR IMMEDIATE 98-05-19 H CONSIDERATION - 98-05-19 H CROSS 98-05-19 H REP. HARTKE OBJECT 98-05-19 H CHAIR RULES MOTIN OUR OF ORDER 98-05-19 H APPEAL RULING OF CHAIR CROSS 98-05-19 H SHALL THE CHAIR BE SUSTAINED 98-05-19 H MOTION PREVAILED/CHAIR SUSTAINED 060-056-000 98-05-19 H MOTION DISCHARGE HOUSE 98-05-19 H RULES AND PLACE ON 98-05-19 H CALENDAR FOR 98-05-19 H CONSIDERATION - 98-05-19 H CHURCHILL 98-05-19 H MOTION LOST 002-003-000 98-05-19 H COMMITTEE RULES 98-12-02 H FLOOR MOTION PURSUANT TO RULE 98-12-02 H 18(G), I MOVE TO 98-12-02 H DISCHARGE RULES 98-12-02 H FROM FURTHER 98-12-02 H CONSIDERATION AND 98-12-02 H PLACE ON CALENDAR 98-12-02 H FOR IMMEDIATE 98-12-02 H CONSIDER-O'CONNOR 98-12-02 H CHAIR RULES MOTIN OUT OF ORDER 98-12-02 H APPEAL RULING OF CHAIR KOSEL 98-12-02 H CHAIR RULES MOTIN OUT OF ORDER 98-12-02 H COMMITTEE RULES 99-01-12 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary