Senate Sponsors: LAUZEN. Short description: INC TX-PROPERTY TAX CREDIT Synopsis of Bill as introduced: 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 from the Act's sunset provisions. Effective immediately. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status