Illinois House Bill 3602 (Prior Session Legislation)

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Completed Legislative Action
Sponsorship: Bipartisan Bill
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Amends the Property Tax Code. In a Section concerning the alternative general homestead exemption, provides that the maximum amount of the exemption is $40,000 for taxable year 2011 and thereafter. Provides that the alternative general homestead exemption applies on a permanent basis. In a Section concerning the long-time occupant homestead exemption, expands the definition of "adjusted homestead value". Beginning with taxable year 2011 and thereafter, "adjusted homestead value" means a property's base homestead value increased by 7% for each taxable year after the base year through and including the current tax year for qualified taxpayers with a household income of $100,000 or less. Makes other changes. Effective immediately.

PROP TX-HOMESTEAD EXEMPT

Rep. Ann Williams [D]

Rep. Sidney Mathias [R]

Date	Chamber	Action
2013-01-08	House	Session Sine Die
2012-03-28	House	Chief Sponsor Changed to Rep. Ann Williams
2011-03-17	House	Rule 19(a) / Re-referred to Rules Committee
2011-03-08	House	Added Chief Co-Sponsor Rep. Sidney H. Mathias
2011-03-03	House	Assigned to Revenue & Finance Committee
2011-02-24	House	Referred to Rules Committee
2011-02-24	House	First Reading
2011-02-24	House	Filed with the Clerk by Rep. Harry Osterman

Chapter	Article	Section	Citation Type	Statute Text
35	200	15-176	Amended Code	Citation Text
35	200	15-177	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3602&GAID=11&DocTypeID=HB&SessionID=84&GA=97
Text	https://www.ilga.gov/legislation/97/HB/09700HB3602.htm