Illinois · Senate Bill 2624 · 103rd General Assembly

INC TX-RENTAL PAYMENTS

SB 2624 Sponsored by Natalie Toro Died in committee

  1. Introduced Oct 24, 2023
  2. In committee Oct 24, 2023
  3. Died  
  4. Passed the House  
  5. To the governor  
  6. Became law  

What it does

The legislature's own summary of the bill, or its official long title.

Amends the Illinois Income Tax Act. Creates an income tax credit for certain qualified 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.

Every action

9 steps, oldest first, as the legislature records them.

  1. SenateFiled with Secretary by Sen. Natalie Toro
  2. SenateFirst Reading
  3. CommitteeReferred to Assignments · Senate Assignments
  4. SenateAdded as Chief Co-Sponsor Sen. Willie Preston
  5. CommitteeAssigned to Revenue · Senate Revenue
  6. SenateRule 2-10 Committee Deadline Established As April 5, 2024
  7. SenateRule 2-10 Committee Deadline Established As May 3, 2024
  8. CommitteeRule 3-9(a) / Re-referred to Assignments · Senate Assignments
  9. SenateSession Sine Die

Roll calls

No recorded votes on this bill yet.

Sponsors

The member who introduced it, joined by 1 cosponsor: 1 Democrat.

All 1 cosponsor

From Illinois's official records (www.ilga.gov), checked Nov 13, 2026. Text links go to the official versions; LegiList does not copy bill text.