Bill Title: Amends the Property Tax Code. Provides that the tax due for property that has been granted a senior citizens assessment freeze homestead exemption shall not exceed the tax liability for the property in the base year. Provides that the tax collected from that property shall be distributed to the individual taxing districts on a pro rata basis in accordance with each taxing district's proportionate share of the property's total tax liability. Effective immediately.

Sponsorship: Partisan Bill (Democrat 3)

Status: (Introduced - Dead) 2022-04-08 - Added Co-Sponsor Rep. Sam Yingling [HB4770 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2022-01-24	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois HB4770

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois HB4770 currently on file.