IL SB3150 | 2023-2024 | 103rd General Assembly
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 6 2024 - 25% progression
Action: 2024-05-03 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 6 2024 - 25% progression
Action: 2024-05-03 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Property Tax Code. Creates a homestead exemption, subject to certain limitations, for property that is located within a special flood hazard area as identified by the Federal Emergency Management Agency. Provides that the amount of the exemption shall be a reduction in the property's equalized assessed value of $5,000. Effective immediately.
Title
PROP TX-FLOOD HAZARD
Sponsors
History
Date | Chamber | Action |
---|---|---|
2024-05-03 | Senate | Rule 3-9(a) / Re-referred to Assignments |
2024-04-05 | Senate | Rule 2-10 Committee Deadline Established As May 3, 2024 |
2024-03-15 | Senate | Rule 2-10 Committee Deadline Established As April 5, 2024 |
2024-02-14 | Senate | Assigned to Revenue |
2024-02-06 | Senate | Referred to Assignments |
2024-02-06 | Senate | First Reading |
2024-02-06 | Senate | Filed with Secretary by Sen. Steve Stadelman |
Code Citations
Illinois State Sources
Type | Source |
---|---|
Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3150&GAID=17&DocTypeID=SB&SessionID=112&GA=103 |
Text | https://www.ilga.gov/legislation/103/SB/10300SB3150.htm |