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Sen. Jeffrey M. Schoenberg
Filed: 3/10/2009
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09600SB1739sam002 |
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LRB096 09705 HLH 23538 a |
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| AMENDMENT TO SENATE BILL 1739
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| AMENDMENT NO. ______. Amend Senate Bill 1739 by replacing |
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| everything after the enacting clause with the following:
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| "Section 5. The Illinois Income Tax Act is amended by |
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| changing Section 208 as follows:
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| (35 ILCS 5/208) (from Ch. 120, par. 2-208)
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| Sec. 208. Tax credit for residential real property taxes. |
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| Beginning with tax years ending on or after December 31, 1991,
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| every individual taxpayer shall be entitled to a tax credit |
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| equal
to 5% of real property taxes paid by such taxpayer during |
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| the
the
taxable year on the principal residence of the |
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| taxpayer. In the
case of multi-unit or multi-use structures and |
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| farm dwellings,
the taxes on the taxpayer's principal residence |
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| shall be that
portion of the total taxes which is attributable |
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| to such principal
residence. |
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| (Source: P.A. 87-17.)".
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