IL HB2965 | 2023-2024 | 103rd General Assembly

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 16 2023 - 25% progression
Action: 2023-03-10 - 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, at each residential real estate closing, the closing agent shall present the purchaser with a copy of the application for the general homestead exemption. Provides that the purchaser shall complete the application and any associated affidavits at the time of the closing, and the closing agent shall transmit those documents to the chief county assessment officer. Provides that the chief county assessment officer shall continue to apply the exemption until the county recorder informs the chief county assessment officer that the property has been sold, transferred, or conveyed or until the chief county assessment officer otherwise becomes aware that the property no longer qualifies for the exemption.

Tracking Information

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Title

PROP TX-GENERAL HOMESTEAD

Sponsors


History

DateChamberAction
2023-03-10HouseRule 19(a) / Re-referred to Rules Committee
2023-03-02HouseTo Revenue - Property Tax Subcommittee
2023-02-28HouseAssigned to Revenue & Finance Committee
2023-02-16HouseReferred to Rules Committee
2023-02-16HouseFirst Reading
2023-02-16HouseFiled with the Clerk by Rep. Bradley Fritts

Code Citations

ChapterArticleSectionCitation TypeStatute Text
3520015-175Amended CodeCitation Text

Illinois State Sources


Bill Comments

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