FEIGENHOLTZ-MCCARTHY, FOWLER AND FORBY. 35 ILCS 5/213 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. MAR-01-2001 H FILED WITH CLERK MAR-01-2001 H FIRST READING MAR-01-2001 H REFERRED TO HOUSE RULES COMMITTEE RULES MAR-06-2001 H ASSIGNED TO COMMITTEE REVENUE MAR-07-2001 H ADDED AS A JOINT SPONSOR MCCARTHY MAR-09-2001 H ADDED AS A CO-SPONSOR FOWLER MAR-09-2001 H ADDED AS A CO-SPONSOR FORBY MAR-16-2001 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL JAN-07-2003 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary