Illinois General Assembly - Bill Status for SB2685

Synopsis As Introduced
Amends the Property Tax Code. In a Section concerning the Senior Citizens Assessment Freeze Homestead Exemption, provides that the total property tax liability of any property receiving an exemption under that Section may not exceed the total property tax liability for that property in the immediately preceding taxable year, increased by the lesser of (i) the percentage increase, if any, in the total equalized assessed value all taxable property in the county over the immediately preceding taxable year, or (ii) one-half of the percentage change in the Consumer Price Index during the immediately preceding taxable year. Effective immediately.

Actions

Date	Chamber	Action
1/21/2014	Senate	Filed with Secretary by Sen. Michael Noland
1/21/2014	Senate	First Reading
1/21/2014	Senate	Referred to Assignments
2/11/2014	Senate	Assigned to Revenue
2/20/2014	Senate	To Subcommittee on Property Tax
3/28/2014	Senate	Rule 2-10 Committee Deadline Established As April 11, 2014
4/11/2014	Senate	Rule 2-10 Committee/3rd Reading Deadline Established As May 1, 2014
4/30/2014	Senate	Reported Back To Revenue; 003-000-000
5/1/2014	Senate	Rule 3-9(a) / Re-referred to Assignments
1/13/2015	Senate	Session Sine Die

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