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IL SB3781
Bill
Status
Introduced
2/5/2026
Primary Sponsor
Erica Harriss
Click for details
AI Summary
- Amends the Illinois Income Tax Act to make the existing 5% credit for residential real property taxes refundable beginning January 1, 2026
- Taxpayers whose credit exceeds their income tax liability will receive the excess amount as a refund
- Refund amounts will not count as income or resources for determining eligibility in means-tested government benefit programs, unless required by federal law
- Income limits remain unchanged: credit unavailable to joint filers with adjusted gross income over $500,000 or other taxpayers over $250,000
- Takes effect immediately upon becoming law
Legislative Description
INC TX-PROP TX CREDIT
Last Action
Added as Co-Sponsor Sen. Seth Lewis
3/10/2026
Committee Referrals
Assignments2/5/2026
Full Bill Text
No bill text available