John C. D'Amico
- Democratic
Primary
Amends the Illinois Income Tax Act. Creates an income tax credit for taxpayers who replace a lead water service pipe with a copper water service pipe at a qualified residence. Provides that the credit shall be equal to the lesser of (i) 25% of the cost of replacing the lead water service pipes in each taxable year for which the credit is taken or (ii) $2,500 in each such taxable year. Provides that the credit may be taken for the taxable year in which the pipes are replaced and in each of the next 3 consecutive years. Provides that the term "qualified residence" means a single family residence that is owned and occupied by the taxpayer as his or her primary residence. Effective immediately.
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Added Co-Sponsor Rep. Jonathan "Yoni" Pizer
Added Co-Sponsor Rep. Lindsey LaPointe
Rule 19(a) / Re-referred to Rules Committee
Added Co-Sponsor Rep. Mary Edly-Allen
Added Co-Sponsor Rep. Maurice A. West, II
To Income Tax Subcommittee
Assigned to Revenue & Finance Committee
Added Chief Co-Sponsor Rep. Luis Arroyo
Added Chief Co-Sponsor Rep. Frances Ann Hurley
Filed with the Clerk by Rep. John C. D'Amico
Referred to Rules Committee
First Reading
Added Chief Co-Sponsor Rep. Ann M. Williams
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