91st General Assembly
Status of HB0297
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 Full Text  Bill Summary

   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.                                     
   99-01-27  H  FILED WITH CLERK                                               
   99-01-27  H  FIRST READING                                                  
   99-01-27  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   99-02-02  H       ASSIGNED TO COMMITTEE               REVENUE               
   99-03-05  H  RE-REFERRED TO RULES COMM/RULE 19(A)     RULES         HRUL    
   01-01-09  H  SESSION SINE DIE                                               


 Full Text  Bill Summary