IL HB3704 | 2009-2010 | 96th General Assembly
Status
Spectrum: Bipartisan Bill
Status: Introduced on February 24 2009 - 25% progression, died in committee
Action: 2010-03-15 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 24 2009 - 25% progression, died in committee
Action: 2010-03-15 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Property Tax Code. In a Section concerning the alternative general homestead exemption, provides that the maximum amount of the exemption is $40,000 for taxable year 2008 and thereafter. Provides that the alternative general homestead exemption applies on a permanent basis. In a Section concerning the long-time occupant homestead exemption, expands the definition of "adjusted homestead value". Beginning with taxable year 2008 and thereafter, "adjusted homestead value" means a property's base homestead value increased by 7% for each taxable year after the base year through and including the current tax year for qualified taxpayers with a household income of $100,000 or less. Makes other changes. Effective immediately.
Title
PROP TX-HOMESTEAD EXEMPT
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2010-03-15 | Rule 19(a) / Re-referred to Rules Committee | |
| 2010-02-16 | Assigned to Revenue & Finance Committee | |
| 2009-03-13 | Rule 19(a) / Re-referred to Rules Committee | |
| 2009-03-03 | Assigned to Revenue & Finance Committee | |
| 2009-03-03 | Added Chief Co-Sponsor Rep. Sidney H. Mathias | |
| 2009-02-25 | Referred to Rules Committee | |
| 2009-02-25 | First Reading | |
| 2009-02-24 | Filed with the Clerk by Rep. Harry Osterman |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3704&GAID=10&DocTypeID=HB&SessionID=76&GA=96 |
| Text | https://www.ilga.gov/legislation/96/HB/09600HB3704.htm |
