Illinois 2023-2024 Regular Session

Illinois House Bill HB2869

Introduced
2/16/23  
Introduced
2/16/23  
Refer
2/28/23  
Refer
2/16/23  
Refer
3/10/23  
Refer
2/28/23  

Caption

INC TX-REBATE REAPPLICATION

Impact

This bill significantly impacts state law by expanding access to tax rebates for older residents who may have previously missed the opportunity due to filing issues. By defining 'qualified taxpayers' as those who were 65 years of age or older in 2022 and who did not receive the rebate despite being eligible, the legislation seeks to rectify past oversights and provide much-needed financial support. Furthermore, the inclusion of emergency rulemaking provisions implies an urgency in implementing these changes quickly to benefit affected individuals as soon as possible.

Summary

House Bill 2869, introduced by Rep. Dan Ugaste, amends the Illinois Income Tax Act to establish a 60-day reapplication period in 2023. This period allows qualified taxpayers, specifically those aged 65 and older, to file original or amended returns for the tax year 2021 to receive a residential real estate tax rebate. The rebate is designed for taxpayers who would have qualified for the rebate but didn't receive it due to not filing the appropriate tax return. The proposed legislation aims to ease access to financial relief for eligible senior citizens during the current economic climate.

Contention

Despite its potential benefits, some contention may arise regarding the administrative burdens this bill could place on the Department of Revenue. Concerns may exist about the practicality of implementing the previously established benefit systems and ensuring that communication reaches all eligible seniors effectively. Critics might also argue about the fairness of restricting the rebate to only those aged 65 and older when there are other vulnerable populations that could benefit from similar financial relief. As lawmakers consider these aspects, the balance between effective implementation and the integrity of the tax system remains a topic of interest.

Companion Bills

No companion bills found.

Previously Filed As

IL HB3169

INC TX-REBATES

IL HB2382

PROP TX-SENIOR FREEZE

IL HB3368

INC TX-REPRODUCTIVE CARE

IL HB5122

INC TX-FIRST RESPONDER

IL HB3544

INCOME TAX-EDUCATION CREDIT

IL HB3754

INC TX-INCREASE LGDF

IL HB4413

INC TX-SUBMINIMUM WAGE

IL HB3013

PROP TX-DISABLED VETERANS

IL SB2047

INC TX-PASS THROUGH

IL SB1832

INC TX-R AND D CREDIT

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