IL HB1341 | 2009-2010 | 96th General Assembly
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 13 2009 - 25% progression, died in committee
Action: 2009-03-13 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 13 2009 - 25% progression, died in committee
Action: 2009-03-13 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Property Tax Code. Awards an assessment freeze homestead exemption to retired police officers and firefighters who meet certain requirements. Provides that the amount of the exemption is the equalized assessed value of the residence in the taxable year for which application is made minus the equalized assessed value of the residence in the taxable year in which the applicant qualified for the exemption plus the first year's equalized assessed value of any added improvements that increased the assessed value of the residence after the base year. Makes corresponding changes to cross-references in the provisions concerning certification, certificate of errors, and delinquency notices. Amends various Acts concerning tax increment financing to deduct the exemption from assessed value calculations for entities that have adopted tax increment allocation financing under these provisions. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.
Title
PROP TAX-RETIREE EXEMPTION
Sponsors
Rep. Kevin Joyce [D] |
History
Date | Chamber | Action |
---|---|---|
2009-03-13 | Rule 19(a) / Re-referred to Rules Committee | |
2009-02-23 | Assigned to Revenue & Finance Committee | |
2009-02-18 | Referred to Rules Committee | |
2009-02-18 | First Reading | |
2009-02-13 | Filed with the Clerk by Rep. Kevin Joyce |
Illinois State Sources
Type | Source |
---|---|
Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1341&GAID=10&DocTypeID=HB&SessionID=76&GA=96 |
Text | https://www.ilga.gov/legislation/96/HB/09600HB1341.htm |