IL HB1439 | 2015-2016 | 99th General Assembly

Status

Spectrum: Partisan Bill (Democrat 5-0)
Status: Introduced on February 5 2015 - 25% progression, died in committee
Action: 2015-03-31 - Added Co-Sponsor Rep. Linda Chapa LaVia
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Senior Citizens Real Estate Tax Deferral Act. Provides that the rate of interest for taxes deferred on or after the effective date is equal to the most recent yield on a 30-year treasury bond as of the date the taxes were deferred, but not to exceed 6% per year (currently, the rate is 6% per year). Effective immediately.

Tracking Information

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Title

SENIOR TAX DEFERRAL-INTEREST

Sponsors


History

DateChamberAction
2015-03-31HouseAdded Co-Sponsor Rep. Linda Chapa LaVia
2015-03-31HouseAdded Co-Sponsor Rep. Deb Conroy
2015-03-31HouseAdded Co-Sponsor Rep. Emanuel Chris Welch
2015-03-31HouseAdded Co-Sponsor Rep. Esther Golar
2015-03-27HouseRule 19(a) / Re-referred to Rules Committee
2015-02-26HouseTo Property Tax Subcommittee
2015-02-24HouseAssigned to Revenue & Finance Committee
2015-02-06HouseReferred to Rules Committee
2015-02-06HouseFirst Reading
2015-02-05HouseFiled with the Clerk by Rep. Jack D. Franks

Code Citations

ChapterArticleSectionCitation TypeStatute Text
320303Amended CodeCitation Text

Illinois State Sources


Bill Comments

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