IL HB2367 | 2009-2010 | 96th General Assembly

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 19 2009 - 25% progression, died in committee
Action: 2010-03-15 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Property Tax Code. Awards an assessment freeze homestead exemption to disabled veterans who qualify for a disabled or handicapped veterans' license plate. Provides that the amount of the exemption is the equalized assessed value of the residence in the taxable year for which application is made minus the equalized assessed value of the residence in the taxable year in which the applicant qualified for the exemption plus the first year's equalized assessed value of any added improvements that increased the assessed value of the residence after the base year. Makes corresponding changes to cross-references in the provisions concerning certification, certificate of errors, other exemptions, and delinquency notices. Amends various Acts concerning tax increment financing to deduct the exemption from assessed value calculations for entities that have adopted tax increment allocation financing under these provisions. Amends the State Mandates Act to require implementation without reimbursement. Effective July 1, 2009.

Tracking Information

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Title

PROP TAX-VETERAN FREEZE

Sponsors


History

DateChamberAction
2010-03-15 Rule 19(a) / Re-referred to Rules Committee
2010-03-02 Assigned to Revenue & Finance Committee
2009-03-13 Rule 19(a) / Re-referred to Rules Committee
2009-02-23 Assigned to Revenue & Finance Committee
2009-02-19 Referred to Rules Committee
2009-02-19 First Reading
2009-02-19 Filed with the Clerk by Rep. Mike Boland

Illinois State Sources


Bill Comments

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