Illinois Senate Bill 3314 (Prior Session Legislation)

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Sponsorship: Moderate Partisan Bill (Democrat 4-1)
Status: Engrossed on April 21 2016 - 50% progression, died in committee
Action: 2016-05-13 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Engrossed) [HTML]

Amends the Property Tax Code. In a Section granting a natural disaster homestead exemption, removes language providing that the square footage of the rebuilt residential structure may not be more than 110% of the square footage of the original residential structure as it existed immediately prior to the natural disaster. Removes provisions providing that the taxpayer's initial application for a natural disaster homestead exemption must be made no later than the first taxable year after the residential structure is rebuilt. Provides that, if the square footage of the rebuilt structure exceeds 110% of the square footage of the original residential structure as it existed immediately prior to the natural disaster, then the amount of the natural disaster homestead exemption is the equalized assessed value per square foot of the rebuilt structure multiplied by 110% of the square footage of the original residential structure as it existed immediately prior to the natural disaster minus the base amount. Provides that the amendatory Act is retroactive to the 2012 taxable year. Effective immediately.

PROP TX-NATURAL DISASTER

Sen. Scott Bennett [D]	Sen. David Koehler [D]	Rep. Chad Hays [R]	Rep. Brandon Phelps [D]
Rep. Katherine Cloonen [D]

2016-04-21 - Senate - Third Reading in Senate (Y: 54 N: 0 NV: 5 Abs: 0) [PASS]

Date	Chamber	Action
2016-05-13	House	Rule 19(a) / Re-referred to Rules Committee
2016-05-09	House	Added Alternate Co-Sponsor Rep. Katherine Cloonen
2016-05-02	House	Assigned to Revenue & Finance Committee
2016-04-22	House	Added Alternate Co-Sponsor Rep. Brandon W. Phelps
2016-04-21	House	Referred to Rules Committee
2016-04-21	House	First Reading
2016-04-21	House	Chief House Sponsor Rep. Chad Hays
2016-04-21	House	Arrived in House
2016-04-21	Senate	Third Reading - Passed; 054-000-000
2016-04-21	Senate	Added as Co-Sponsor Sen. David Koehler
2016-04-14	Senate	Placed on Calendar Order of 3rd Reading April 18, 2016
2016-04-14	Senate	Second Reading
2016-03-16	Senate	Placed on Calendar Order of 2nd Reading March 17, 2016
2016-03-16	Senate	Do Pass Revenue; 010-000-000
2016-03-08	Senate	Assigned to Revenue
2016-02-19	Senate	Referred to Assignments
2016-02-19	Senate	First Reading
2016-02-19	Senate	Filed with Secretary by Sen. Scott M. Bennett

Chapter	Article	Section	Citation Type	Statute Text
35	200	15-173	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3314&GAID=13&DocTypeID=SB&SessionID=88&GA=99
Text	https://www.ilga.gov/legislation/99/SB/09900SB3314.htm
Text	https://www.ilga.gov/legislation/99/SB/09900SB3314eng.htm
Roll Call	https://www.ilga.gov/legislation/votehistory/99/senate/09900SB3314_04212016_118000T.pdf