INC TX-RESIDENTIAL PROP CR House SponsorsRep. Ron Stephens-Thomas Holbrook 1/9/2007HouseSession Sine Die 35 ILCS 5/208from Ch. 120, par. 2-208 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) 5% of real property taxes paid by the taxpayer to a taxing body other than a school district during the tax year; plus (2) for taxable year 2006, 5% of the real property taxes paid by the taxpayer to a school district during the tax year and to be increased by 5% increments each year thereafter until the credit equals 100% of the real property taxes paid by the taxpayer to a school district during the tax year. Exempts the credit from the Act's sunset provisions. Effective immediately. 12/20/2005HouseFiled with the Clerk by Rep. Ron Stephens 1/4/2006HouseFirst Reading 1/4/2006HouseReferred to Rules Committee 1/24/2006HouseAdded Chief Co-Sponsor Rep. Thomas Holbrook 1/9/2007HouseSession Sine Die