90th General Assembly
Summary of HB2114
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House Sponsors:

Short description: 
INC TX-REAL PROP TAXES-DEDUCT                                              

Synopsis of Bill as introduced:
        Amends the Illinois Income Tax  Act.   Provides  that  individual      
   taxpayers  shall  be allowed a deduction in an amount equal to 300% of      
   the amount of real property taxes paid  by  the  taxpayer  during  the      
   taxable  year on the principal residence of the taxpayer.  Exempts the      
   deduction from the sunset provisions.   Sunsets  the  tax  credit  for      
   residential  real property with tax years ending on or before December      
   31, 1997.  Effective January 1, 1998.                                       
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: House

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


 Full Text  Bill Status