INC TX-HOME PURCHASE CREDIT House SponsorsRep. Ronald A. Wait-Michael Tryon-Brent Hassert-Jim Durkin-Sandra M. Pihos, Patricia R. Bellock and Rosemary Mulligan 1/13/2009HouseSession Sine Die 35 ILCS 5/218 new Amends the Illinois Income Tax Act. Provides that taxpayers are entitled to a credit in an amount equal to 1% of the purchase price of the taxpayer's principal place of residence, subject to certain conditions. Provides that the credit may not exceed $2,000. Effective immediately. 5/16/2008HouseFiled with the Clerk by Rep. Ronald A. Wait 5/16/2008HouseChief Co-Sponsor Rep. Michael Tryon 5/16/2008HouseChief Co-Sponsor Rep. Brent Hassert 5/16/2008HouseChief Co-Sponsor Rep. Jim Durkin 5/16/2008HouseChief Co-Sponsor Rep. Sandra M. Pihos 5/16/2008HouseCo-Sponsor Rep. Patricia R. Bellock 5/19/2008HouseAdded Co-Sponsor Rep. Rosemary Mulligan 5/19/2008HouseFirst Reading 5/19/2008HouseReferred to Rules Committee 1/13/2009HouseSession Sine Die