Comments: IL HB1192 | 2025-2026 | 104th General Assembly
Bill Title: Amends the Illinois Income Tax Act. Provides that, if the amount of the credit for residential real property taxes exceeds the taxpayer's liability, that amount shall be refunded if the taxpayer is 65 years or older and has a federal adjusted gross income of not more than $50,000. Provides that the credit is exempt from the Act's automatic sunset provision. Effective immediately.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced) 2025-02-11 - Assigned to Revenue & Finance Committee [HB1192 Detail]
Text: Latest bill text (Introduced) [HTML]
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced) 2025-02-11 - Assigned to Revenue & Finance Committee [HB1192 Detail]
Text: Latest bill text (Introduced) [HTML]
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