IL HB4924 | 2017-2018 | 100th General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on January 8 2019 - 100% progression
Action: 2019-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on January 8 2019 - 100% progression
Action: 2019-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Property Tax Code. Creates the Natural Disaster Home Repair Assistance Homestead Exemption. Creates a homestead exemption for homestead property that meets the following criteria: (1) the property sustains damage as a result a natural disaster occurring in assessment year 2017 or any assessment year thereafter; and (2) the homeowner incurs costs to repair that damage during the assessment year for which the exemption is sought. Provides that the exemption is a reduction in the equalized assessed value of the property in an amount equal to the costs incurred by the homeowner, but not to exceed $5,000 per year. Effective immediately.
Title
PROP TX-HOMESTEAD REPAIR
Sponsors
Rep. Jerry Long [R] |
History
Date | Chamber | Action |
---|---|---|
2019-01-08 | House | Session Sine Die |
2018-04-13 | House | House Committee Amendment No. 1 Rule 19(a) / Re-referred to Rules Committee |
2018-04-13 | House | Rule 19(a) / Re-referred to Rules Committee |
2018-04-09 | House | House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee |
2018-04-02 | House | House Committee Amendment No. 1 Referred to Rules Committee |
2018-04-02 | House | House Committee Amendment No. 1 Filed with Clerk by Rep. Jerry Lee Long |
2018-03-08 | House | To Property Tax Subcommittee |
2018-02-27 | House | Assigned to Revenue & Finance Committee |
2018-02-14 | House | Referred to Rules Committee |
2018-02-14 | House | First Reading |
2018-02-14 | House | Filed with the Clerk by Rep. Jerry Lee Long |
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
35 | 200 | 15-173 | Amended Code | Citation Text |
35 | 200 | 15-173.5 | New Code | See Bill Text |