SB3868 - 104th General Assembly (2025-2026)

INC TAX-PROP TAX CREDIT
Last Action
2/06/2026 - Senate: Referred to Assignments
Senate Sponsors
Sen. John F. Curran
Statutes Amended In Order of Appearance
35 ILCS 5/208  from Ch. 120, par. 2-208
Synopsis As Introduced
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.
Actions
DateChamberAction
2/06/2026SenateFiled with Secretary by Sen. John F. Curran
2/06/2026SenateFirst Reading
2/06/2026SenateReferred to Assignments