Bill Title: Amends the Property Tax Code. Provides that a county may subject itself to the alternative general homestead exemption by adopting an ordinance within 6 months after the effective date of the amendatory Act. Provides that the base year for a county that adopts an ordinance within 6 months after the effective date of the amendatory Act is tax year 2008. Provides that the alternative general homestead exemption applies on a permanent basis. Effective immediately.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Introduced - Dead) 2009-04-03 - Rule 3-9(a) / Re-referred to Assignments [SB0057 Detail]

Text: Latest bill text (Introduced) [HTML]

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