Bill Title: Amends the Property Tax Code. Beginning in taxable year 2014, increases the maximum income limitation under the Senior Citizens Assessment Freeze Homestead Exemption from $55,000 to $75,000 for applicants who have occupied the residence for 5 years or more. Indexes the maximum income limitation to the Consumer Price Index. Effective immediately.
Sponsorship: Partisan Bill (Republican 1)
Status: (Failed) 2014-12-03 - Session Sine Die
[HB4197 Detail]
Bill Drafts
| Revision | Date | Format | Source | View |
|---|
| Introduced | 2014-01-13 | HTML/Text | Link | View |
Amendments
| Amendment | Date | Disposition | Format | Source | View |
|---|
| No bill amendments currently on file for Illinois HB4197 |
Supplemental Documents
| Title | Description | Date | Format | Source | View |
|---|
| No supplemental documents for Illinois HB4197 currently on file. |
