91st General Assembly
Status of SB1308
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 Full Text  Bill Summary

   35 ILCS 5/208             from Ch. 120, par. 2-208                          
   35 ILCS 5/212 new                                                           

        Amends the Illinois Income Tax Act.  Grants individual  taxpayers      
   a tax credit equal to 10% (now, 5%) of real property taxes paid during      
   the year.  Provides that the amount  of  an  excess  credit  shall  be      
   refunded to the taxpayer. Exempts this tax credit from the Act's            
   sunset provisions. For taxable years 2000 through 2004, creates             
   another credit for an individual in the amount of 20% of the federal        
   earned income tax credit for that individual. Effective immediately.        
   00-01-12  S  FIRST READING                                                  
   00-01-12  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   01-01-09  S  SESSION SINE DIE                                               


 Full Text  Bill Summary