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SB3959 • 2026
INC TX-WELCOME HOME 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 TX-WELCOME HOME CREDIT
Added as Co-Sponsor Sen. Dave Syverson
Added as Co-Sponsor Sen. Sue Rezin
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
Added as Co-Sponsor Sen. Seth Lewis
Added as Co-Sponsor Sen. Jason Plummer
Added as Co-Sponsor Sen. Craig Wilcox
Added as Co-Sponsor Sen. Donald P. DeWitte
Added as Co-Sponsor Sen. Darby A. Hills
Added as Co-Sponsor Sen. Jil Tracy
Added as Co-Sponsor Sen. Sally J. Turner
Added as Co-Sponsor Sen. Chris Balkema
Added as Co-Sponsor Sen. John F. Curran
Assigned to Revenue
Filed with Secretary by Sen. Erica Harriss
First Reading
Referred to Assignments
INC TX-WELCOME HOME CREDIT
Illinois General Assembly - Full Text of SB3959 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 SB3959 Home Legislation Full Text SB3959 - 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 SB3959 Introduced 2/6/2026, by Sen. Erica Harriss SYNOPSIS AS INTRODUCED: 35 ILCS 5/246 new Amends the Illinois Income Tax Act. Creates the Welcome Home Illinois tax credit. Provides that each taxpayer who is a first-time homebuyer of a principal residence in the State during the taxable year is entitled to an income tax credit in an amount equal to $500. Effective immediately. LRB104 18268 HLH 31707 b A BILL FOR SB3959 LRB104 18268 HLH 31707 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 adding Section 246 as follows: 6 (35 ILCS 5/246 new) 7 Sec. 246. Welcome Home Illinois tax credit. 8 (a) For taxable years beginning on or after January 1, 9 2027, each taxpayer who is a first-time homebuyer of a 10 principal residence in the State during the taxable year is 11 entitled to a credit against the tax imposed by subsections 12 (a) and (b) of Section 201 in an amount equal to $500. If 2 or 13 more individuals who are not married purchase a principal 14 residence, the amount of the credit allowed under this Section 15 shall be allocated among those individuals in such manner as 16 the Department may, by rule, prescribe. This Section does not 17 apply if the taxpayer disposes of the residence before the 18 close of the taxable year or if the residence ceases to be the 19 principal residence of the taxpayer before the close of the 20 taxable year. 21 (b) In no event shall a credit under this Section reduce 22 the taxpayer's liability to less than zero. If the amount of 23 the credit exceeds the tax liability for the year, the excess SB3959 - 2 - LRB104 18268 HLH 31707 b 1 may be carried forward and applied to the tax liability of the 2 5 taxable years following the excess credit year. The tax 3 credit shall be applied to the earliest year for which there is 4 a tax liability. If there are credits for more than one year 5 that are available to offset a liability, the earlier credit 6 shall be applied first. 7 (c) As used in this Section, "first-time homebuyer" means 8 an individual who acquires an ownership interest in the 9 individual's principal residence during the taxable year if 10 neither the individual nor the individual's spouse had a 11 present ownership interest in a principal residence during the 12 3-year period ending on the date of the purchase of the 13 principal residence to which this Section applies. 14 (d) This Section is exempt from the provisions of Section 15 250. 16 Section 99. Effective date. This Act takes effect upon 17 becoming law. Footer Disclaimer This site is maintained for the Illinois General Assembly by the Legislative Information System, 705 Stratton Building, Springfield, Illinois 62706. Contact ILGA Webmaster ILGA.gov uses cookies to ensure you get the best experience on our website. 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