<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 4118   </title>
<shortdesc>INC TX-RESIDENTIAL PROP CR</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Ron Stephens</sponsors>
</sponsor>
<lastaction>
<statusdate>1/9/2007</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. Provides that, for tax years ending after December 31, 2005, the amount of the income tax credit for residential real property taxes is: (1) 100% of the real property taxes paid by the taxpayer to a school district during the tax year; plus (2) 5% of real property taxes paid by the taxpayer to a taxing body other than a school district during the tax year. Exempts the credit from the Act's sunset provisions. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>9/30/2005</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Ron Stephens</action>
<statusdate>10/19/2005</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>10/19/2005</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>1/9/2007</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

