Loading chat...
IL SB2706
Bill
Status
Failed
1/13/2015
Primary Sponsor
Michael Noland
Click for details
AI Summary
- Amends Section 208 of the Illinois Income Tax Act (35 ILCS 5/208) concerning residential property tax credits.
- Makes a technical correction by removing duplicate language in the section describing the tax credit for real property taxes paid on a principal residence.
- Maintains the existing 5% tax credit for individual taxpayers on real property taxes paid on their principal residence.
- Applies to multi-unit, multi-use structures and farm dwellings by allowing credits on the portion of taxes attributable to the taxpayer's principal residence.
Legislative Description
REVENUE-TECH
Last Action
Session Sine Die
1/13/2015
Committee Referrals
Assignments1/28/2014
Full Bill Text
No bill text available