IL HB5486 | 2017-2018 | 100th General Assembly

Status

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 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 Code of Civil Procedure. Provides that every individual is entitled to an estate of homestead to the extent in value of $150,000 (instead of $15,000) of his or her interest in real property occupied by him or her as a residence. Provides that if 2 or more individuals own property that is exempt as a homestead, the value of the exemption of each individual may not exceed his or her proportionate share of $200,000 (instead of $30,000) based upon percentage of ownership. Effective immediately.

Tracking Information

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Title

CIV PRO-DEBTOR PROTECTION

Sponsors


History

DateChamberAction
2019-01-08HouseSession Sine Die
2018-04-13HouseRule 19(a) / Re-referred to Rules Committee
2018-03-23HouseTo Civil Procedure Subcommittee
2018-03-21HouseAssigned to Judiciary - Civil Committee
2018-03-08HouseChief Sponsor Changed to Rep. Barbara Flynn Currie
2018-02-16HouseReferred to Rules Committee
2018-02-16HouseFirst Reading
2018-02-16HouseFiled with the Clerk by Rep. Will Guzzardi

Code Citations

ChapterArticleSectionCitation TypeStatute Text
735512-901Amended CodeCitation Text

Illinois State Sources


Bill Comments

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