Senate Sponsors: LAUZEN. Short description: TX CREDIT-RL ESTATE-EARNED INC 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 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. 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