Illinois SB 2093: INC TX-PROP TX CREDIT

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104TH GENERAL ASSEMBLY 
State of Illinois 
2025 and 2026
SB2093

Introduced 2/6/2025, by Sen. Erica Harriss 

SYNOPSIS AS INTRODUCED:

35 ILCS 5/208 from Ch. 120, par. 2-208

 Amends the Illinois Income Tax Act. Provides that the credit for residential real property taxes is refundable. Effective immediately.

LRB104 10842 HLH 20923 b

A BILL FOR

SB2093LRB104 10842 HLH 20923 b

1 AN ACT concerning revenue.

2 Be it enacted by the People of the State of Illinois, 

3represented in the General Assembly:

4 Section 5. The Illinois Income Tax Act is amended by 

5changing Section 208 as follows:

6 (35 ILCS 5/208) (from Ch. 120, par. 2-208)

7 Sec. 208. Tax credit for residential real property taxes. 

8Beginning with tax years ending on or after December 31, 1991, 

9every individual taxpayer shall be entitled to a tax credit 

10equal to 5% of real property taxes paid by such taxpayer during 

11the taxable year on the principal residence of the taxpayer. 

12In the case of multi-unit or multi-use structures and farm 

13dwellings, the taxes on the taxpayer's principal residence 

14shall be that portion of the total taxes which is attributable 

15to such principal residence. Notwithstanding any other 

16provision of law, for taxable years beginning on or after 

17January 1, 2017, no taxpayer may claim a credit under this 

18Section if the taxpayer's adjusted gross income for the 

19taxable year exceeds (i) $500,000, in the case of spouses 

20filing a joint federal tax return, or (ii) $250,000, in the 

21case of all other taxpayers. 

22 For taxable years beginning on or after January 1, 2025, 

23if the amount of the credit exceeds the taxpayer's income tax 

SB2093- 2 -LRB104 10842 HLH 20923 b

1liability for the applicable