Comments: IL HB0493 | 2015-2016 | 99th General Assembly

Bill Title: Amends the Property Tax Code. Beginning in taxable year 2016, increases the maximum income limitation under the Senior Citizens Assessment Freeze Homestead Exemption from $55,000 to $75,000 for applicants who have occupied the residence for 5 years or more. Indexes the maximum income limitation to the Consumer Price Index. Effective immediately.

Spectrum: Partisan Bill (Republican 10-0)

Status: (Introduced - Dead) 2015-05-21 - Added Co-Sponsor Rep. Tim Butler [HB0493 Detail]

Text: Latest bill text (Introduced) [HTML]

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