IL HB2706 | 2019-2020 | 101st General Assembly
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 14 2019 - 25% progression, died in committee
Action: 2019-03-29 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 14 2019 - 25% progression, died in committee
Action: 2019-03-29 - 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 for a homestead exemption for homestead properties located within 1,000 feet of an industrial park or a business park if (i) the development related to that industrial park or business park commenced after the owner first resided at that location and (ii) the property is principal place of residence of the owner. Provides that the amount of the exemption shall be a reduction of $5,000 from the equalized assessed value of the property.
Title
PROP TX-INDUSTRIAL PARK
Sponsors
| Sen. John Connor [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-03-29 | House | Rule 19(a) / Re-referred to Rules Committee |
| 2019-03-06 | House | To Property Tax Subcommittee |
| 2019-02-26 | House | Assigned to Revenue & Finance Committee |
| 2019-02-14 | House | Referred to Rules Committee |
| 2019-02-14 | House | First Reading |
| 2019-02-14 | House | Filed with the Clerk by Rep. John Connor |
Code Citations
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2706&GAID=15&DocTypeID=HB&SessionID=108&GA=101 |
| Text | https://www.ilga.gov/legislation/101/HB/10100HB2706.htm |
