Bill Title: Amends the State Finance Act. Creates the Illinois Property Tax Relief Fund. Provides that moneys in the Illinois Property Tax Relief Fund shall be used to pay rebates to residential property taxpayers in the State. Provides that the Fund may accept moneys from any lawful source. Provides that the State Comptroller shall calculate a property tax rebate amount for the applicable property tax year by dividing the total amount appropriated from the Illinois Property Tax Relief Fund by the total number of homestead exemptions granted for homestead property in the State. Provides that the property tax bills of non-delinquent taxpayers who received a general homestead exemption under the Property Tax Code shall be reduced by the property tax rebate amount. Effective immediately.

Spectrum: Partisan Bill (Democrat 35-0)

Status: (Passed) 2019-07-12 - Public Act . . . . . . . . . 101-0077 [SB0039 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Chaptered	2019-07-15	HTML/Text	Link	View
Enrolled	2019-06-02	HTML/Text	Link	View
Engrossed	2019-03-20	HTML/Text	Link	View
Introduced	2019-01-10	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
House Amendment 001	2019-05-28	Proposed	HTML/Text	Link	View
House Amendment 002	2019-05-28	Proposed	HTML/Text	Link	View

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB0039 currently on file.

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