IL HB5127 | 2011-2012 | 97th General Assembly

Status

Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Property Tax Code. Provides that, beginning in assessment year 2012, the disabled veterans standard homestead exemption shall be granted on a pro-rata basis if the property is first used as a qualified residence after January 1 of the assessment year. Provides that the amount of the pro-rata exemption is the amount of the annual exemption divided by 365 and multiplied by the number of days during the assessment year the property is occupied as a residence by a qualified disabled veteran. Provides that the chief county assessment officer must adopt reasonable procedures to establish eligibility for this pro-rata exemption. Effective immediately.

Tracking Information

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Title

PROP TX-VETERANS-PRO RATA

Sponsors


History

DateChamberAction
2013-01-08HouseSession Sine Die
2012-02-08HouseReferred to Rules Committee
2012-02-08HouseFirst Reading
2012-02-08HouseFiled with the Clerk by Rep. Jim Watson

Code Citations

ChapterArticleSectionCitation TypeStatute Text
3520015-169Amended CodeCitation Text

Illinois State Sources


Bill Comments

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