IL HB1254 | 2023-2024 | 103rd General Assembly

Status

Spectrum: Partisan Bill (Republican 7-0)
Status: Introduced on January 18 2023 - 25% progression
Action: 2024-04-05 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Property Tax Code. Provides that the total property tax bill for any property receiving the senior citizens homestead exemption may not exceed 101% of the tax bill for the immediately preceding taxable year, unless the increase is due to improvements to the property that increased the property's fair market value in the applicable tax year.

Tracking Information

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Title

PROP TX-SENIOR EXEMPTION

Sponsors


History

DateChamberAction
2024-04-05HouseRule 19(a) / Re-referred to Rules Committee
2024-03-08HouseTo Revenue - Property Tax Subcommittee
2024-02-28HouseAssigned to Revenue & Finance Committee
2023-11-08HouseAdded Co-Sponsor Rep. Dave Severin
2023-11-08HouseAdded Co-Sponsor Rep. Tom Weber
2023-08-08HouseAdded Co-Sponsor Rep. Norine K. Hammond
2023-06-22HouseAdded Co-Sponsor Rep. Dan Swanson
2023-05-09HouseAdded Co-Sponsor Rep. Tony M. McCombie
2023-01-31HouseReferred to Rules Committee
2023-01-31HouseFirst Reading
2023-01-19HouseAdded Co-Sponsor Rep. Travis Weaver
2023-01-18HouseFiled with the Clerk by Rep. Joe C. Sosnowski

Code Citations

ChapterArticleSectionCitation TypeStatute Text
3520015-170Amended CodeCitation Text

Illinois State Sources


Bill Comments

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