IL HB5844 | 2019-2020 | 101st General Assembly

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on September 25 2020 - 25% progression, died in committee
Action: 2020-11-10 - Referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Illinois Income Tax Act. Provides that the education expense credit shall be $2,500 for tax years ending on or after December 31, 2020. Provides that, if the school district in which the principal residence of the taxpayer is located has implemented attendance restrictions as a result of the COVID-19 pandemic during any part of the taxable year, then, for that taxable year only, the tax credit for residential real property taxes shall be equal to 25% of real property taxes paid by the taxpayer during the taxable year on the principal residence of the taxpayer. Effective immediately.

Tracking Information

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Title

INCOME TAX-CREDITS

Sponsors


History

DateChamberAction
2020-11-10HouseReferred to Rules Committee
2020-11-10HouseFirst Reading
2020-09-25HouseFiled with the Clerk by Rep. Allen Skillicorn

Code Citations

ChapterArticleSectionCitation TypeStatute Text
355201Amended CodeCitation Text
355208Amended CodeCitation Text

Illinois State Sources


Bill Comments

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