HB 2429

  • Illinois House Bill
  • 103rd Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Inc Tx-Rental Payments

Abstract

Amends the Illinois Income Tax Act. Creates an income tax credit for individual taxpayers who rent a dwelling in Illinois for use as their principal place of residence. Provides that the credit shall be equal to 5% of the documented rental costs paid by such taxpayer during the taxable year on that dwelling. Effective immediately.

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Feb 15, 2023

House

First Reading

House

Referred to Rules Committee

Feb 14, 2023

House

Filed with the Clerk by Rep. Will Guzzardi

Bill Text

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