Illinois Senate bill in Session 104.
Status: in_committee. Latest action: February 24, 2026.
INC TAX-PROP TAX CREDIT.
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.
| Date | Event | Detail |
|---|---|---|
| 2026-02-06 | Introduced | Bill introduced |
| 2026-02-24 | Status | in_committee |
| 2026-02-24 | Latest Action | 2/24/2026 - Senate: |