90th General Assembly
Summary of HB1317
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House Sponsors:
KLINGLER.

Short description: 
INC TX-PROP TX CR-SENIORS                                                  

Synopsis of Bill as introduced:
        Amends the Illinois Income Tax Act.  Provides that an  individual      
   taxpayer  who  is 65 years of age or older and has an annual household      
   income of $35,000 or less shall be entitled to a tax credit  equal  to      
   10% of the real property taxes paid by the taxpayer during the taxable      
   year on the principal residence of the taxpayer (now 5% for everyone).      
   Exempts the credit from the sunset provisions.  Effective immediately.      
        HOUSE AMENDMENT NO. 1.                                                 
        Provides that "household income" has the same meaning as  in  the      
   Senior  Citizens Assessment Freeze Homestead Exemption in the Property      
   Tax Code.                                                                   
 
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   1     SENATE -   0


   END OF INQUIRY 



 Full Text  Bill Status