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Illinois property tax rebate proposals explained for homeowners and renters
Illinois lawmakers consider two rebate plans to refund homeowners and renters who pay more than 3.5 percent of income in real estate taxes. The House and Senate versions differ in rebate percentage, phase-in period, income cap, and farmer treatment. Proponents say relief for local taxpayers. opponents warn of shifted burden and higher state administration.
MENTIONED IN THIS ARTICLE
Tom Wellman
Lindsay-Schaub
Illinois
Bob
House
Senate
James Thompson
John Smith
Smith
Smiths
William Jones
Jones