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2. Illinois lawmakers address challenges facing home buyers - AOL

   www.aol.com/illinois-lawmakers-address...

   Another measure would amend the Illinois Income Tax Act and provide that the credit for residential real property taxes is refundable. Illinois has the second highest property taxes in the nation ...

3. Property Tax Circuit Breaker - Wikipedia

   en.wikipedia.org/wiki/Property_Tax_Circuit_Breaker

   A Property Tax Circuit Breaker is a tax refund in the United States given to low income individuals and families whose property tax liability is a large percentage of their yearly income. The term was coined by John Shannon of the Advisory Commission on Intergovernmental Relations in the 1960s. There are currently 18 states who use a wide scope ...

4. Illinois Fair Tax - Wikipedia

   en.wikipedia.org/wiki/Illinois_Fair_Tax

   SB 687 would have also changed the state's property tax credit, which is a credit that some residents paying property taxes can claim to reduce their income taxes, from 5% to 6%. [ b ] It would also have created a per-child tax credit of up to $100 for couples earning less than $100,000 and single persons earning less than $80,000.

5. Here’s how Illinois’ proposed ‘millionaire tax’ would provide ...

   www.aol.com/illinois-proposed-millionaire-tax...

   SPRINGFIELD, Ill. (WTVO) — Voters in Illinois will get a chance to decide whether Illinois millionaires should pay an additional tax to fund a statewide property tax relief fund. Former Illinois ...

6. Illinois Republicans unveil bills aimed at bringing relief to ...

   www.aol.com/news/illinois-republicans-unveil...

   Part of House Bill 1729 would give tax credits to Illinoisans who donate money for scholarships to trade schools. Republican members of the House are also proposing ending taxes on tips, and ...

7. Property tax in the United States - Wikipedia

   en.wikipedia.org/wiki/Property_tax_in_the_United...

   Values are determined by local officials, and may be disputed by property owners. For the taxing authority, one advantage of the property tax over the sales tax or income tax is that the revenue always equals the tax levy, unlike the other types of taxes. The property tax typically produces the required revenue for municipalities' tax levies.

8. Some call new commission to explore Illinois’ property tax ...

   www.aol.com/call-commission-explore-illinois...

   (The Center Square) – Despite being criticized for being a waste of time, a new commission will be created Jan. 1 to evaluate Illinois’ property tax system. State Rep. Mary Beth Canty’s ...

9. Bill would eliminate property taxes for Illinois homeowners ...

   www.aol.com/news/bill-eliminate-property-taxes...

   (The Center Square) – A bill filed at the Illinois Statehouse seeks to end property taxes for qualified taxpayers who live in and pay taxes on a residential home for at least 30 years. State Sen ...