Bill Amendment: IL SB2431 | 2017-2018 | 100th General Assembly
NOTE: For additional amemendments please see the Bill Drafting List
Bill Title: PROP TX-VETERANS-DISABILITY
Status: 2019-01-09 - Session Sine Die [SB2431 Detail]
Download: Illinois-2017-SB2431-Senate_Amendment_001.html
Bill Title: PROP TX-VETERANS-DISABILITY
Status: 2019-01-09 - Session Sine Die [SB2431 Detail]
Download: Illinois-2017-SB2431-Senate_Amendment_001.html
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1 | AMENDMENT TO SENATE BILL 2431
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2 | AMENDMENT NO. ______. Amend Senate Bill 2431 on page 4, | ||||||
3 | immediately below line 2, by inserting the following:
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4 | " (e-5) When any change occurs in use or ownership of | ||||||
5 | property that has been granted a homestead exemption under this | ||||||
6 | Section, the transferee shall notify the chief county | ||||||
7 | assessment officer of the change in writing within 90 days | ||||||
8 | after the change in use or ownership occurs. The chief county | ||||||
9 | assessment officer shall ensure that, if the property ceases to | ||||||
10 | qualify for the exemption under this Section as a result of the | ||||||
11 | change in use or ownership, then the exemption shall be removed | ||||||
12 | beginning with the next taxable year after the change occurs. ".
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