HB 5123

Illinois House of Representatives bill in Session 104.

Status: in_committee. Latest action: March 27, 2026.

INC TX-PROP TX CREDIT.

Bill ID IL-104-HB-5123
Session 104
Status in_committee
Committee Rules Committee
House of Representatives in_committee 2026-03-27
Summary

Amends the Illinois Income Tax Act. Provides that, if the amount of the credit for residential real property taxes exceeds the taxpayer's liability, that amount shall be refunded if the taxpayer is 65 years or older and has a federal adjusted gross income of not more than $50,000. Provides that the credit is exempt from the Act's automatic sunset provision. Effective immediately.

Sponsor
Steven Reick
Official Source Back to Bills
Actions Timeline
Date Event Detail
2026-02-10 Introduced Bill introduced
2026-03-27 Status in_committee
2026-03-27 Latest Action 3/27/2026 - House:
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