92nd General Assembly
Status of SB0212
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   35 ILCS 5/213 new                                                           

        Amends the Illinois Income Tax Act to create  a  tax  credit  for      
   individuals  in  the  amount of 5% 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.  Provides that this      
   credit will be available beginning with tax years ending on  or  after      
   December  31,  2001  and  ending  with  tax  years ending on or before      
   December 31, 2005.  Effective immediately.                                  
   FEB-20-2001  S  FIRST READING                                                  
   FEB-20-2001  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   FEB-21-2001  S       ASSIGNED TO COMMITTEE               REVENUE               
   MAR-08-2001  S  ADDED AS A CHIEF CO-SPONSOR              LIGHTFORD             
   MAR-08-2001  S  ADDED AS A CO-SPONSOR                    MUNOZ                 
   MAR-22-2001  S       TO SUBCOMMITTEE                                           
   MAR-22-2001  S                   COMMITTEE               REVENUE               
   MAR-23-2001  S  ADDED AS A CO-SPONSOR                    SILVERSTEIN           
   MAR-31-2001  S  RE-REFERRED TO RULES COMM/RULE 3-9(A)    RULES                 
   JAN-07-2003  S  SESSION SINE DIE                                               


 Full Text  Bill Summary