Bill Texts: IL HB1377 | 2023-2024 | 103rd General Assembly
Bill Title: Amends the Property Tax Code. Creates a homestead exemption for eligible property that contains a single family residence that was built no earlier than January 1, 2021 by a municipality and was sold to a private homeowner before January 1, 2035. Provides that the exemption applies for a 10-year period beginning with the tax year following the year in which the property is first sold by the municipality to a private homeowner. Sets forth the amount of the exemption. Effective immediately.
Spectrum: Partisan Bill (Democrat 13-0)
Status: (Engrossed) 2024-05-14 - Placed on Calendar Order of 3rd Reading [HB1377 Detail]
Spectrum: Partisan Bill (Democrat 13-0)
Status: (Engrossed) 2024-05-14 - Placed on Calendar Order of 3rd Reading [HB1377 Detail]
Bill Drafts
| Revision | Date | Format | Source | View |
|---|---|---|---|---|
| Engrossed | 2024-04-10 | HTML/Text | Link | View |
| Introduced | 2023-01-24 | HTML/Text | Link | View |
Amendments
| Amendment | Date | Disposition | Format | Source | View |
|---|---|---|---|---|---|
| House Amendment 001 | 2024-03-27 | Proposed | HTML/Text | Link | View |
| House Amendment 002 | 2024-03-27 | Proposed | HTML/Text | Link | View |
Supplemental Documents
| Title | Description | Date | Format | Source | View |
|---|---|---|---|---|---|
| No supplemental documents for Illinois HB1377 currently on file. | |||||
