HB 5430

  • Illinois House Bill
  • 101st Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Inc Tx-Prop Tx Credit

Abstract

Amends the Illinois Income Tax Act. Creates a credit for individual taxpayers whose income does not exceed the maximum income limitation and who are (i) 65 years of age or older during the taxable year or (ii) 100% disabled during the taxable year. Provides that the amount of the credit shall be based upon the amount by which the total residential property taxes paid by the taxpayer during the taxable year exceeds a stated percent of income. Effective immediately.

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Feb 18, 2020

House

First Reading

House

Referred to Rules Committee

Feb 14, 2020

House

Chief Co-Sponsor Rep. Amy Grant

House

Filed with the Clerk by Rep. Grant Wehrli

House

Co-Sponsor Rep. Tom Weber

House

Co-Sponsor Rep. Lindsay Parkhurst

House

Chief Co-Sponsor Rep. Deanne M. Mazzochi

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