IL HB0592 | 2017-2018 | 100th General Assembly

Status

Completed Legislative Action
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Failed on January 8 2019 - 100% progression
Action: 2019-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Property Tax Code. Provides that the aggregate rate of tax imposed by all taxing districts on any parcel of residential property that, as of January 1 of the levy year, has been occupied by a qualified taxpayer as his or her principal dwelling place for a period of at least 30 years shall not exceed 5%. Provides that the term "qualified taxpayer" means a person who (i) is 65 years of age or older during the taxable year, (ii) is liable for paying real estate taxes on the property, and (iii) is an owner of record of the property or has a legal or equitable interest therein as evidenced by a written instrument, except for a leasehold interest, other than a leasehold interest of land on which a single family residence is located. Contains provisions concerning applications for the reduction. Effective immediately.

Tracking Information

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Title

PROP TX-SENIOR OCCUPANT

Sponsors


History

DateChamberAction
2019-01-08HouseSession Sine Die
2017-03-31HouseRule 19(a) / Re-referred to Rules Committee
2017-03-16HouseAdded Co-Sponsor Rep. Thomas Morrison
2017-02-28HouseAdded Co-Sponsor Rep. Camille Y. Lilly
2017-02-24HouseTo Property Tax Subcommittee
2017-02-02HouseAssigned to Revenue & Finance Committee
2017-01-24HouseReferred to Rules Committee
2017-01-24HouseFirst Reading
2017-01-24HouseFiled with the Clerk by Rep. Sam Yingling

Code Citations

ChapterArticleSectionCitation TypeStatute Text
3520018-45Amended CodeCitation Text

Illinois State Sources


Bill Comments

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