<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 88           </title>
<shortdesc>INC TX-PROP TX CREDIT-DISABLED</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Jack D. Franks-Dwight Kay-Rita Mayfield-Carol A. Sente, La Shawn K. Ford, Sam Yingling, Deborah Conroy, Keith Farnham, Martin J. Moylan and Michelle Mussman</sponsors>
</sponsor>
<lastaction>
<statusdate>12/3/2014</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. In a Section granting a tax credit for residential real property taxes, provides that, for tax years beginning on or after January 1, 2013, if the taxpayer qualifies for the disabled persons' homestead exemption under the Property Tax Code, then the taxpayer is entitled to a credit equal to 10% (instead of 5%) of real property taxes paid by the taxpayer during the taxable year on the qualifying property. Provides that the credit may not be carried forward or back and may not reduce the taxpayer's liability to less than zero. Exempts the credit from the Act's automatic sunset provision. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>1/8/2013</statusdate><chamber>House</chamber><action>Prefiled with Clerk by Rep. Jack D. Franks</action>
<statusdate>1/9/2013</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>1/9/2013</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>1/29/2013</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. La Shawn K. Ford</action>
<statusdate>1/30/2013</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>2/5/2013</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Dwight Kay</action>
<statusdate>2/7/2013</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Sam Yingling</action>
<statusdate>2/7/2013</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Deborah Conroy</action>
<statusdate>2/7/2013</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Keith Farnham</action>
<statusdate>2/11/2013</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Martin J. Moylan</action>
<statusdate>2/13/2013</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Michelle Mussman</action>
<statusdate>3/7/2013</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Rita Mayfield</action>
<statusdate>3/7/2013</statusdate><chamber>House</chamber><action>Chief Co-Sponsor Changed to Rep. Rita Mayfield</action>
<statusdate>3/22/2013</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>3/19/2014</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>3/21/2014</statusdate><chamber>House</chamber><action>To Income Tax Subcommittee</action>
<statusdate>3/28/2014</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>4/25/2014</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Carol A. Sente</action>
<statusdate>12/3/2014</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

