Bill Title: Amends the Senior Citizens Real Estate Tax Deferral Act. Beginning in tax year 2012, increases the taxpayer's income limit from $50,000 to $55,000. Provides that "qualified property" must not be held in trust, other than an Illinois land trust with the taxpayer identified as the sole beneficiary, if the taxpayer is filing for the program for the first time effective as of the January 1, 2011 assessment year or tax year 2012 and thereafter. Effective as of the January 1, 2011 assessment year or tax year 2012 and thereafter, provides that the total amount of any deferral shall not exceed $5,000 per taxpayer in each tax year. Effective immediately.

Spectrum: Strong Partisan Bill (Democrat 11-1)

Status: (Passed) 2011-08-22 - Public Act . . . . . . . . . 97-0481 [HB1518 Detail]

Text: Latest bill text (Chaptered) [HTML]

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Voting Records

Chamber	Vote	Date	Yea	Nay	NV	Abs	Total	Result	Source	View
House	Concurrence in House	2011-05-31	116	0	0	0	116	Passed	Link	View
Senate	Third Reading in Senate	2011-05-17	57	0	2	0	59	Passed	Link	View
House	Third Reading in House	2011-03-31	110	0	0	2	112	Passed	Link	View

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