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<xml>
<title>Illinois General Assembly - Bill Status for HB 1073         </title>
<shortdesc>INC TX-PROP TX CREDIT</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Steven Reick, Martin McLaughlin, Tony M. McCombie, Dan Swanson, Norine K. Hammond, Tom Weber, Dave Severin and Kevin Schmidt</sponsors>
</sponsor>
<lastaction>
<statusdate>1/7/2025</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/208</reference><aliasreference>from Ch. 120, par. 2-208</aliasreference><SynopsisText>     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.</SynopsisText></synopsis>
<actions>
<statusdate>1/3/2023</statusdate><chamber>House</chamber><action>Prefiled with Clerk by Rep. Steven Reick</action>
<statusdate>1/12/2023</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>1/12/2023</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/21/2023</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Martin McLaughlin</action>
<statusdate>2/28/2023</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>3/2/2023</statusdate><chamber>House</chamber><action>To Revenue-Income Tax Subcommittee</action>
<statusdate>3/10/2023</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>5/9/2023</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Tony M. McCombie</action>
<statusdate>6/22/2023</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Dan Swanson</action>
<statusdate>8/8/2023</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Norine K. Hammond</action>
<statusdate>11/8/2023</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Tom Weber</action>
<statusdate>11/8/2023</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Dave Severin</action>
<statusdate>2/2/2024</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Kevin Schmidt</action>
<statusdate>2/14/2024</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>3/8/2024</statusdate><chamber>House</chamber><action>To Revenue-Income Tax Subcommittee</action>
<statusdate>4/5/2024</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/7/2025</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

