Bill Sponsors: IL HB0143 | 2021-2022 | 102nd General Assembly

Bill Title: Amends the Senior Citizens Real Estate Tax Deferral Act. Provides that the income limitation under the Act is $65,000 beginning tax year 2021 (currently, $55,000). Provides that, beginning with the 2021 tax year, the total amount of any such deferral shall not exceed $12,000 per taxpayer in each tax year and the interest shall accrue at the rate of 2% (currently, 6%). Effective immediately.

Spectrum: Partisan Bill (Democrat 7-0)

Status: (Introduced - Dead) 2021-03-27 - House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee [HB0143 Detail]

Text: Latest bill text (Introduced) [HTML]

Sponsors

NameTypeSponsorshipDistrictFinancialEncyclopediaBiography
Representative Debbie Meyers-Martin [D]PrimarySponsored BillsHD-038FollowTheMoneyBallotpediaVoteSmart
Representative Lindsey LaPointe [D]CosponsorSponsored BillsHD-019FollowTheMoneyBallotpediaVoteSmart
Representative Latoya Greenwood [D]CosponsorSponsored BillsHD-114FollowTheMoneyBallotpediaVoteSmart
Representative LaShawn Ford [D]CosponsorSponsored BillsHD-008FollowTheMoneyBallotpediaVoteSmart
Representative Will Guzzardi [D]CosponsorSponsored BillsHD-039FollowTheMoneyBallotpediaVoteSmart
Representative Katie Stuart [D]CosponsorSponsored BillsHD-112FollowTheMoneyBallotpediaVoteSmart
Representative Rita Mayfield [D]CosponsorSponsored BillsHD-060FollowTheMoneyBallotpediaVoteSmart

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