Illinois legislation · 104th General Assembly
Illinois SB3781: INC TX-PROP TX CREDIT
Status: Introduced, September 2, 2026
Amends the Illinois Income Tax Act. Provides that the credit for residential real property taxes is refundable. Effective immediately.
What the bill says
A bill FOR 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026SB3781Introduced 2/5/2026, by Sen. Erica HarrissSYNOPSIS AS INTRODUCED: ILCS 5/208from Ch. 120, par. 2-208 35 ILCS 5/208 from Ch. 120, par. 2-208 ILCS 5/208 from Ch. 120, par. 2-208 Amends the Illinois Income Tax Act. Provides that the credit forresidential real property taxes is refundable. Effective immediately. LRB104 19423 HLH 32871 b LRB104 19423 HLH 32871 b LRB104 19423 HLH 32871 b A BILL FOR SB3781LRB104 19423 HLH 32871 b SB3781 LRB104 19423 HLH 32871 b SB3781 LRB104 19423 HLH 32871 b AN ACT concerning revenue.
From the introduced text, February 5, 2026:
A BILL FOR 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026SB3781Introduced 2/5/2026, by Sen. Erica HarrissSYNOPSIS AS INTRODUCED: ILCS 5/208from Ch. 120, par. 2-208 35 ILCS 5/208 from Ch. 120, par. 2-208 ILCS 5/208 from Ch. 120, par. 2-208 Amends the Illinois Income Tax Act. Provides that the credit forresidential real property taxes is refundable. Effective immediately. LRB104 19423 HLH 32871 b LRB104 19423 HLH 32871 b LRB104 19423 HLH 32871 b A BILL FOR SB3781LRB104 19423 HLH 32871 b SB3781 LRB104 19423 HLH 32871 b SB3781 LRB104 19423 HLH 32871 b AN ACT concerning revenue. Be it enacted by the People of the State of Illinois, represented in the General Assembly: Section 5.The Illinois Income Tax Act is amended by changing Section 208 as follows: (35 ILCS 5/208)(from Ch. 120, par. 2-208) Sec. 208.Tax credit for residential real property taxes. Beginning with tax years ending on or after December 31, 1991, every individual taxpayer shall be entitled to a tax credit equal to 5% of real property taxes paid by such taxpayer during the taxable year on the principal residence of the taxpayer. In the case of multi-unit or multi-use structures and farm dwellings, the taxes on the taxpayer's principal residence shall be that portion of the total taxes which is attributable to such principal residence. Notwithstanding any …