HB2429 - INC TX-RENTAL PAYMENTS
Illinois - 103rd General Assembly
Introduced byWill Guzzardi
Last updated over 1 year ago
1 Co-Sponsor
Amends the Illinois Income Tax Act. Creates an income tax credit for individual taxpayers who rent a dwelling in Illinois for use as their principal place of residence. Provides that the credit shall be equal to 5% of the documented rental costs paid by such taxpayer during the taxable year on that dwelling. Effective immediately.
STATUS
Introduced
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