Illinois Senate Bill 3868: INC TAX-PROP TAX CREDIT

Illinois · 104th session

Status: In committee

What it does

Amends the Illinois Income Tax Act. Increases the tax credit for residential real property taxes from 5% of the real property taxes paid by the taxpayer during the taxable year on the principal residence of the taxpayer to 10% of the 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.

Latest action

Rule 3-9(a) / Re-referred to Assignments (2026-05-22)

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