Illinois Senate bill in Session 104.
Status: in_committee. Latest action: February 24, 2026.
INC TX-WELCOME HOME CREDIT.
Amends the Illinois Income Tax Act. Creates the Welcome Home Illinois tax credit. Provides that each taxpayer who is a first-time homebuyer of a principal residence in the State during the taxable year is entitled to an income tax credit in an amount equal to $500. 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: |