Illinois House Bill 5010 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 21 2010 - 25% progression, died in committee
Action: 2010-01-21 - Referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Property Tax Code. Provides that, in counties with 3,000,000 or more inhabitants, the alternative general homestead exemption applies for assessment years (i) 2003 through 2011 if the general assessment year for the property is 2003, (ii) 2004 through 2012 if the general assessment year for the property is 2004, and (iii) 2005 through 2013 if the general assessment year for the property is 2005. Provides that, in counties with less than 3,000,000 inhabitants, the alternative general homestead exemption applies for assessment years (i) 2006 through 2012 if tax year 2005 is the designated base year and (ii) 2007 through 2013 if tax year 2006 is the designated base year. Effective immediately.

PROP TX-ALT GEN HOMESTEAD

Rep. John Fritchey [D]

Date	Chamber	Action
2010-01-21		Referred to Rules Committee
2010-01-21		First Reading
2010-01-21		Filed with the Clerk by Rep. John A. Fritchey

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=5010&GAID=10&DocTypeID=HB&SessionID=76&GA=96
Text	https://www.ilga.gov/legislation/96/HB/09600HB5010.htm