SB 1836

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

Bill Sponsors (2)

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Mar 10, 2023

Senate

Rule 3-9(a) / Re-referred to Assignments

Feb 22, 2023

Senate

Added as Chief Co-Sponsor Sen. David Koehler

Feb 21, 2023

Senate

Assigned to Revenue

Feb 09, 2023

Senate

Filed with Secretary by Sen. Elgie R. Sims, Jr.

Senate

First Reading

Senate

Referred to Assignments

Bill Text

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