Illinois Senate Bill 2685 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 13 2015 - 100% progression
Action: 2015-01-13 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Amends the Property Tax Code. In a Section concerning the Senior Citizens Assessment Freeze Homestead Exemption, provides that the total property tax liability of any property receiving an exemption under that Section may not exceed the total property tax liability for that property in the immediately preceding taxable year, increased by the lesser of (i) the percentage increase, if any, in the total equalized assessed value all taxable property in the county over the immediately preceding taxable year, or (ii) one-half of the percentage change in the Consumer Price Index during the immediately preceding taxable year. Effective immediately.

PROP TX-SENIOR FREEZE

Sen. Michael Noland [D]

Date	Chamber	Action
2015-01-13	Senate	Session Sine Die
2014-05-01	Senate	Rule 3-9(a) / Re-referred to Assignments
2014-04-30	Senate	Reported Back To Revenue; 003-000-000
2014-04-11	Senate	Rule 2-10 Committee/3rd Reading Deadline Established As May 1, 2014
2014-03-28	Senate	Rule 2-10 Committee Deadline Established As April 11, 2014
2014-02-20	Senate	To Subcommittee on Property Tax
2014-02-11	Senate	Assigned to Revenue
2014-01-21	Senate	Referred to Assignments
2014-01-21	Senate	First Reading
2014-01-21	Senate	Filed with Secretary by Sen. Michael Noland

Chapter	Article	Section	Citation Type	Statute Text
35	200	15-172	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2685&GAID=12&DocTypeID=SB&SessionID=85&GA=98
Text	https://www.ilga.gov/legislation/98/SB/09800SB2685.htm