IL HB3057 | 2019-2020 | 101st General Assembly

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 15 2019 - 25% progression, died in chamber
Action: 2019-02-21 - Tabled
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Property Tax Code. Creates a school tax reduction homestead exemption. Provides that, for the purpose of calculating taxes levied by a school district, there shall be a reduction from the equalized assessed value of qualified homestead property equal to the exempt amount. Sets forth the calculation of the exempt amount. Provides that "qualified homestead property" means homestead property owned by persons with a household income of less than $500,000 per year.

Tracking Information

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Title

PROP TX-STAR CREDIT

Sponsors


History

DateChamberAction
2019-02-21HouseTabled
2019-02-21HouseMotion Prevailed
2019-02-15HouseMotion Filed - Table Bill/Resolution Pursuant to Rule 60(b), Rep. Sonya M. Harper
2019-02-15HouseReferred to Rules Committee
2019-02-15HouseFirst Reading
2019-02-15HouseFiled with the Clerk by Rep. Sonya M. Harper

Code Citations

ChapterArticleSectionCitation TypeStatute Text
3520015-186New CodeSee Bill Text

Illinois State Sources


Bill Comments

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