Bill Title: Amends the Illinois Income Tax Act. Increases the amount of the tax credit for residential real property taxes from 5% to 10% of real property taxes paid by the taxpayer during the taxable year on the principal residence of the taxpayer. Provides that the credit is exempt from the Act's automatic sunset provision. Effective immediately.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Introduced - Dead) 2015-05-27 - Added as Chief Co-Sponsor Sen. Julie A. Morrison [SB2132 Detail]

Text: Latest bill text (Introduced) [HTML]

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