Illinois Senate Bill 1293

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 3 2023 - 25% progression
Action: 2023-03-29 - Chief Sponsor Changed to Sen. Willie Preston
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Department of Revenue Law of the Civil Administrative Code of Illinois. Provides that the Department of Revenue shall reimburse eligible taxing districts for revenue loss associated with providing homestead exemptions for veterans with disabilities. Specifies that a taxing district is eligible for reimbursement if application of the homestead exemptions for veterans with disabilities results in reduction in the total equalized assessed value of all taxable property in the taxing district in which the taxing district is located of more than 2.5% for the taxable year that is 2 years before the start of the State fiscal year in which the application for reimbursement is made and the taxing district is located in whole or in part in a county that contains a United States military base. Provides that the aggregate amount of reimbursements for all taxing districts in any calendar year may not exceed $15,000,000. Sets forth the amount of the reimbursement. Effective immediately.

PROP TX-VETERANS

Sen. Willie Preston [D]

Date	Chamber	Action
2023-03-29	Senate	Chief Sponsor Changed to Sen. Willie Preston
2023-03-10	Senate	Rule 3-9(a) / Re-referred to Assignments
2023-03-09	Senate	Postponed - Revenue
2023-02-14	Senate	Assigned to Revenue
2023-02-03	Senate	Referred to Assignments
2023-02-03	Senate	First Reading
2023-02-03	Senate	Filed with Secretary by Sen. Christopher Belt

Chapter	Article	Section	Citation Type	Statute Text
20	2505	2505-810	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1293&GAID=17&DocTypeID=SB&SessionID=112&GA=103
Text	https://www.ilga.gov/legislation/103/SB/10300SB1293.htm