Illinois SB3959: INC TX-WELCOME HOME CREDIT

What the bill says

A bill FOR 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026SB3959Introduced 2/6/2026, by Sen. Erica HarrissSYNOPSIS AS INTRODUCED: ILCS 5/246 new 35 ILCS 5/246 new ILCS 5/246 new Amends the Illinois Income Tax Act. Creates the Welcome Home Illinoistax credit. Provides that each taxpayer who is a first-time homebuyer of aprincipal residence in the State during the taxable year is entitled to anincome tax credit in an amount equal to $500. Effective immediately…

From the introduced text, February 6, 2026:

A BILL FOR 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026SB3959Introduced 2/6/2026, by Sen. Erica HarrissSYNOPSIS AS INTRODUCED: ILCS 5/246 new 35 ILCS 5/246 new ILCS 5/246 new Amends the Illinois Income Tax Act. Creates the Welcome Home Illinoistax credit. Provides that each taxpayer who is a first-time homebuyer of aprincipal residence in the State during the taxable year is entitled to anincome tax credit in an amount equal to $500. Effective immediately. LRB104 18268 HLH 31707 b LRB104 18268 HLH 31707 b LRB104 18268 HLH 31707 b A BILL FOR SB3959LRB104 18268 HLH 31707 b SB3959 LRB104 18268 HLH 31707 b SB3959 LRB104 18268 HLH 31707 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 adding Section 246 as follows: (35 ILCS 5/246 new) [ADDED: Sec. 246. ][ADDED: Welcome Home Illinois tax credit.] [ADDED: (a) For taxable years beginning on or after January 1, ] [ADDED: 2027, each taxpayer who is a first-time homebuyer of a ] [ADDED: principal residence in the State during the taxable year is ] [ADDED: entitled to a credit against the tax imposed by subsections ] [ADDED: (a) and (b) of Section 201 in an amount equal to $500. If 2 or …

Read the full official text

Sponsors

• Erica Harriss (R, 56) · primary sponsor
• John F. Curran (R, 41)
• Sally J. Turner (R, 44)
• Chris Balkema (R, 53)
• Craig Wilcox (R, 32)
• Donald P. DeWitte (R, 33)
• Darby A. Hills (R, 26)
• Jil Tracy (R, 50)
• Jason Plummer (R, 55)
• Seth Lewis (R, 24)
• Sue Rezin (R, 38)
• Dave Syverson (R, 35)

Latest actions

1. September 2, 2026: Added as Co-Sponsor Sen. Paul Jacobs
2. July 9, 2026: Added as Co-Sponsor Sen. Dave Syverson
3. July 6, 2026: Added as Co-Sponsor Sen. Sue Rezin
4. May 22, 2026: Rule 3-9(a) / Re-referred to Assignments
5. May 15, 2026: Rule 2-10 Committee/3rd Reading Deadline Established As May 22, 2026
6. April 24, 2026: Rule 2-10 Committee/3rd Reading Deadline Established As May 15, 2026
7. March 13, 2026: Rule 2-10 Committee Deadline Established As April 24, 2026
8. March 10, 2026: Added as Co-Sponsor Sen. Seth Lewis
9. March 6, 2026: Added as Co-Sponsor Sen. Jason Plummer
10. March 5, 2026: Added as Co-Sponsor Sen. Jil Tracy

Common questions

What is SB3959?

SB3959 is a bill in the Illinois Legislature (104th General Assembly): INC TX-WELCOME HOME CREDIT.

What does SB3959 do?

In its own words: A bill FOR 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026SB3959Introduced 2/6/2026, by Sen. Erica HarrissSYNOPSIS AS INTRODUCED: ILCS 5/246 new 35 ILCS 5/246 new ILCS 5/246 new Amends the Illinois Income Tax Act. Creates the Welcome Home Illinoistax credit. Provides that each taxpayer who is a first-time homebuyer of aprincipal residence in the State during the taxable year is entitled to anincome tax credit in an amount equal to $500. Effective immediately…

What is the status of SB3959?

Introduced as of September 2, 2026. Latest action: Added as Co-Sponsor Sen. Paul Jacobs (September 2, 2026).

Who sponsored SB3959?

Erica Harriss (R, 56), with 11 co-sponsors.

Where is the official record for SB3959?

On the Illinois Legislature website: https://www.ilga.gov/Legislation/BillStatus?DocNum=3959&GAID=18&DocTypeID=SB&SessionID=114