Bill Title: Amends the Property Tax Code. Provides that, for taxable years 2018 and thereafter: (1) the maximum reduction under the senior citizens homestead exemption is $8,000 in all counties (currently, $8,000 in counties with 3,000,000 or more inhabitants and $5,000 in all other counties); and (2) the maximum reduction under the general homestead exemption is $10,000 in all counties (currently, $10,000 in counties with 3,000,000 or more inhabitants and $6,000 in all other counties). Effective immediately.
Sponsorship: Partisan Bill (Republican 1)
Status: (Failed) 2019-01-08 - Session Sine Die
[HB4695 Detail]
Bill Drafts
| Revision | Date | Format | Source | View |
|---|
| Introduced | 2018-02-08 | HTML/Text | Link | View |
Amendments
| Amendment | Date | Disposition | Format | Source | View |
|---|
| No bill amendments currently on file for Illinois HB4695 |
Supplemental Documents
| Title | Description | Date | Format | Source | View |
|---|
| No supplemental documents for Illinois HB4695 currently on file. |
