PROP TX-REBATE Senate SponsorsSen. William Delgado 1/8/2013SenateSession Sine Die 30 ILCS 105/5.786 new30 ILCS 105/6z-85 new35 ILCS 5/208from Ch. 120, par. 2-20835 ILCS 5/517 newAmends the State Finance Act. Creates the Property Tax Rebate Trust Fund. Provides that moneys in the Fund shall be used to pay rebates to taxpayers who file an individual income tax return for a taxable year beginning in the previous calendar year and are responsible for paying real property taxes on a principal residence located in the State. Provides that $64,583,333 shall be transferred from the General Revenue Fund into the Property Tax Rebate Trust Fund each month. Amends the Illinois Income Tax Act. Provides that the credit for residential real property taxes sunsets on December 31, 2010. Effective immediately. 1/13/2011SenateFiled with Secretary by Sen. William Delgado 1/13/2011SenateFirst Reading 1/13/2011SenateReferred to Assignments 1/27/2011SenateAssigned to Revenue 3/18/2011SenateRule 3-9(a) / Re-referred to Assignments 1/8/2013SenateSession Sine Die