IL HB2966 | 2021-2022 | 102nd General Assembly

Status

Spectrum: Partisan Bill (Republican 3-0)
Status: Introduced on February 18 2021 - 25% progression, died in committee
Action: 2021-12-29 - Added Co-Sponsor Rep. Amy Grant
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Property Tax Code. Provides that, for taxable years 2021 and thereafter, the maximum reduction under the senior citizens homestead exemption is $8,000 in all counties (currently, $8,000 in counties with 3,000,000 or more inhabitants and $5,000 in all other counties). Provides that the maximum income limitation for the senior citizens assessment freeze homestead exemption is $75,000 (currently, $65,000). Effective immediately.

Tracking Information

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Title

PROP TX-SENIOR HOMESTEAD

Sponsors


History

DateChamberAction
2021-12-29HouseAdded Co-Sponsor Rep. Amy Grant
2021-03-27HouseRule 19(a) / Re-referred to Rules Committee
2021-03-18HouseTo Property Tax Subcommittee
2021-03-18HouseAdded Co-Sponsor Rep. Ryan Spain
2021-03-09HouseAssigned to Revenue & Finance Committee
2021-02-19HouseReferred to Rules Committee
2021-02-19HouseFirst Reading
2021-02-18HouseFiled with the Clerk by Rep. Amy Elik

Code Citations

ChapterArticleSectionCitation TypeStatute Text
3520015-170Amended CodeCitation Text
3520015-172Amended CodeCitation Text

Illinois State Sources


Bill Comments

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