INC TX-PROPERTY TAX CREDIT Senate SponsorsSen. Carole Pankau 1/9/2007SenateSession Sine Die 35 ILCS 5/208from Ch. 120, par. 2-208Amends the Illinois Income Tax Act. In a provision concerning the tax credit for residential real property taxes, provides that, for taxable years ending on or after December 31, 2005, the amount of the credit is a percentage, based upon the taxpayer's household income, of the real property taxes paid by the taxpayer during the taxable year on the principal residence of the taxpayer (now, the amount of the credit is 5% of the real property taxes for all taxpayers). Effective immediately. 2/25/2005SenateFiled with Secretary by Sen. Carole Pankau 2/25/2005SenateFirst Reading 2/25/2005SenateReferred to Rules 1/9/2007SenateSession Sine Die