INC TX-RENTAL PAYMENTS Senate SponsorsSen. Elgie R. Sims, Jr.-David Koehler 1/7/2025SenateSession Sine Die 35 ILCS 5/234 newAmends the Illinois Income Tax Act. Creates an income tax credit for individual taxpayers who rent a dwelling in Illinois for use as their principal place of residence. Provides that the credit shall be equal to 5% of the documented rental costs paid by such taxpayer during the taxable year on that dwelling. Effective immediately. 2/9/2023SenateFiled with Secretary by Sen. Elgie R. Sims, Jr. 2/9/2023SenateFirst Reading 2/9/2023SenateReferred to Assignments 2/21/2023SenateAssigned to Revenue 2/22/2023SenateAdded as Chief Co-Sponsor Sen. David Koehler 3/10/2023SenateRule 3-9(a) / Re-referred to Assignments 1/7/2025SenateSession Sine Die