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SB3868 • 2026
INC TAX-PROP TAX CREDIT
This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.
Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.
INC TAX-PROP TAX CREDIT
Added as Co-Sponsor Sen. Dave Syverson
Added as Co-Sponsor Sen. Sue Rezin
Added as Co-Sponsor Sen. Darby A. Hills
Added as Co-Sponsor Sen. Craig Wilcox
Rule 3-9(a) / Re-referred to Assignments
Rule 2-10 Committee/3rd Reading Deadline Established As May 22, 2026
Rule 2-10 Committee/3rd Reading Deadline Established As May 15, 2026
Rule 2-10 Committee Deadline Established As April 24, 2026
Assigned to Revenue
Filed with Secretary by Sen. John F. Curran
First Reading
Referred to Assignments
INC TAX-PROP TAX CREDIT
Illinois General Assembly - Full Text of SB3868 Select Language × The Illinois General Assembly offers the Google Translate™ service for visitor convenience. In no way should it be considered accurate as to the translation of any content herein. Visitors of the Illinois General Assembly website are encouraged to use other translation services available on the internet. The English language version is always the official and authoritative version of this website. NOTE: To return to the original English language version, select the "Show Original" button on the Google Translate™ menu bar at the top of the window. 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Full Text of SB3868 Home Legislation Full Text SB3868 - 104th General Assembly Bill Status Full Text Votes Witness Slips Select Menu Bill Status Full Text Votes Witness Slips Printer Friendly Version Introduced Printer Friendly Version Introduced Open PDF 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 SB3868 Introduced 2/6/2026, by Sen. John F. Curran SYNOPSIS AS INTRODUCED: 35 ILCS 5/208 from Ch. 120, par. 2-208 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. LRB104 18265 HLH 31704 b A BILL FOR SB3868 LRB104 18265 HLH 31704 b 1 AN ACT concerning revenue. 2 Be it enacted by the People of the State of Illinois, 3 represented in the General Assembly: 4 Section 5. The Illinois Income Tax Act is amended by 5 changing 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. 8 For Beginning with tax years ending on or after December 31, 9 1991 and ending before December 31, 2026 , every individual 10 taxpayer shall be entitled to a tax credit equal to 5% of real 11 property taxes paid by such taxpayer during the taxable year 12 on the principal residence of the taxpayer. For tax years 13 ending on or after December 31, 2026, every individual 14 taxpayer shall be entitled to a tax credit equal to 10% of real 15 property taxes paid by the taxpayer during the taxable year on 16 the principal residence of the taxpayer. In the case of 17 multi-unit or multi-use structures and farm dwellings, the 18 taxes on the taxpayer's principal residence shall be that 19 portion of the total taxes which is attributable to such 20 principal residence. Notwithstanding any other provision of 21 law, for taxable years beginning on or after January 1, 2017, 22 no taxpayer may claim a credit under this Section if the 23 taxpayer's adjusted gross income for the taxable year exceeds SB3868 - 2 - LRB104 18265 HLH 31704 b 1 (i) $500,000, in the case of spouses filing a joint federal tax 2 return, or (ii) $250,000, in the case of all other taxpayers. 3 This Section is exempt from the provisions of Section 250. 4 (Source: P.A. 101-8, see Section 99 for effective date; 5 102-558, eff. 8-20-21.) 6 Section 99. Effective date. This Act takes effect upon 7 becoming law. 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