Illinois legislation · 104th General Assembly
Illinois SB3868: INC TAX-PROP TAX CREDIT
Status: Introduced, September 28, 2026
Amends the Illinois Income Tax Act. Increases the tax credit for residential real property taxes from 5% of the real property taxes paid by the taxpayer during the taxable year on the principal residence of the taxpayer to 10% of the real property taxes paid by the taxpayer during the taxable year on the principal residence of the taxpayer. Provides that the credit is exempt from the Act's automatic sunset provision. Effective immediately.
What the bill says
A bill FOR 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026SB3868Introduced 2/6/2026, by Sen. John F. CurranSYNOPSIS 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. Increases the tax credit forresidential real property taxes from 5% of the real property taxes paid bythe taxpayer during the taxable year on the principal residence of thetaxpayer to 10% of the real property taxes paid by the taxpayer during thetaxable year on the principal residence of the taxpayer…
From the introduced text, February 6, 2026:
A BILL FOR 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026SB3868Introduced 2/6/2026, by Sen. John F. CurranSYNOPSIS 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. Increases the tax credit forresidential real property taxes from 5% of the real property taxes paid bythe taxpayer during the taxable year on the principal residence of thetaxpayer to 10% of the real property taxes paid by the taxpayer during thetaxable year on the principal residence of the taxpayer. Provides that thecredit is exempt from the Act's automatic sunset provision. Effectiveimmediately. LRB104 18265 HLH 31704 b LRB104 18265 HLH 31704 b LRB104 18265 HLH 31704 b A BILL FOR SB3868LRB104 18265 HLH 31704 b SB3868 LRB104 18265 HLH 31704 b SB3868 LRB104 18265 HLH 31704 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. [ADDED: For][DELETED: Beginning with]tax years ending on or after December 31, 1991[ADDED: and ending before December 31, 2026], every individual taxpayer shall be entitled to a tax credit …