Illinois General Assembly - Bill Status for HB4695
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 Bill Status of HB4695  100th General Assembly


Short Description:  PROP TX-EXEMPTION AMOUNT

House Sponsors
Rep. David S. Olsen

Last Action
DateChamber Action
  2/13/2018HouseReferred to Rules Committee

Statutes Amended In Order of Appearance
35 ILCS 200/15-170
35 ILCS 200/15-175


Synopsis As Introduced
Amends the Property Tax Code. Provides that, for taxable years 2018 and thereafter: (1) the maximum reduction under the senior citizens homestead exemption is $8,000 in all counties (currently, $8,000 in counties with 3,000,000 or more inhabitants and $5,000 in all other counties); and (2) the maximum reduction under the general homestead exemption is $10,000 in all counties (currently, $10,000 in counties with 3,000,000 or more inhabitants and $6,000 in all other counties). Effective immediately.

Actions 
DateChamber Action
  2/8/2018HouseFiled with the Clerk by Rep. David S. Olsen
  2/13/2018HouseFirst Reading
  2/13/2018HouseReferred to Rules Committee

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