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]
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.
Title
INCOME TAX-CREDITS
Sponsors
History
Date | Chamber | Action |
---|---|---|
2020-11-10 | House | Referred to Rules Committee |
2020-11-10 | House | First Reading |
2020-09-25 | House | Filed with the Clerk by Rep. Allen Skillicorn |
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
35 | 5 | 201 | Amended Code | Citation Text |
35 | 5 | 208 | Amended Code | Citation Text |
Illinois State Sources
Type | Source |
---|---|
Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=5844&GAID=15&DocTypeID=HB&SessionID=108&GA=101 |
Text | https://www.ilga.gov/legislation/101/HB/10100HB5844.htm |