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HB6644 - Illinois - Tax

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Latest Update: Thursday, July, 24th 2008

INC TX-HOME PURCHASE CREDIT

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.

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Latest Actions

05/19/2008 - First Reading
05/19/2008 - Referred to Rules Committee
05/19/2008 - Added Co-Sponsor Rep. Rosemary Mulligan
05/16/2008 - Filed with the Clerk by Rep. Ronald A. Wait
05/16/2008 - Chief Co-Sponsor Rep. Michael Tryon

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Ronald A. Wait

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