Bill filed to give Ill. homeowners $500 tax refund

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KMOV.com

Posted on May 20, 2014 at 5:04 PM

Updated Tuesday, May 20 at 6:28 PM

SPRINGFIELD, Ill. (AP) — A proposal to give Illinois homeowners a $500 property tax refund has been introduced in the General Assembly.

House Speaker Michael Madigan filed the legislation Monday.

The measure was a key part of Gov. Pat Quinn's budget address earlier this year. The Chicago Democrat also proposed making Illinois' temporary income tax increase permanent.

Quinn says the $500 refunds would ease the burden of an unfair property tax system.

They also could help Quinn and other Democrats politically.

Under the proposal, refunds could be issued for 2013 property taxes as soon as September. That's just weeks before the November election, when Quinn and many other lawmakers face re-election.

Several homeowners and property owners told News 4 they are in favor of such a refund.

Republicans have opposed the refunds because they would cost the state more than the current 5 percent property tax credit. Although one GOP lawmaker said he is unsure how he will vote. Representative Dwight Kay, who represents Glen Carbon, Collinsville, Edwardsville, and Granite City said those above a certain income threshold will not see a property tax refund.

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