Illinois House Bill 4695 (Prior Session Legislation)

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Completed Legislative Action
Sponsorship: Partisan Bill (Republican 1)
Status: Failed on January 8 2019 - 100% progression
Action: 2019-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Amends the Property Tax Code. Provides that, for taxable years 2018 and thereafter: (1) 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); and (2) the maximum reduction under the general homestead exemption is $10,000 in all counties (currently, $10,000 in counties with 3,000,000 or more inhabitants and $6,000 in all other counties). Effective immediately.

PROP TX-EXEMPTION AMOUNT

Rep. David Olsen [R]

Date	Chamber	Action
2019-01-08	House	Session Sine Die
2018-02-13	House	Referred to Rules Committee
2018-02-13	House	First Reading
2018-02-08	House	Filed with the Clerk by Rep. David S. Olsen

Chapter	Article	Section	Citation Type	Statute Text
35	200	15-170	Amended Code	Citation Text
35	200	15-175	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=4695&GAID=14&DocTypeID=HB&SessionID=91&GA=100
Text	https://www.ilga.gov/legislation/100/HB/10000HB4695.htm