Bill Status of HB 4437   103rd General Assembly

Short Description:  PROP TX-FLOOD HAZARD

House Sponsors
Rep. Maurice A. West, II

Last Action  View All Actions

DateChamber Action
  1/7/2025HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 200/15-190 new

Synopsis As Introduced
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.

Actions 
DateChamber Action
  1/12/2024HouseFiled with the Clerk by Rep. Maurice A. West, II
  1/16/2024HouseFirst Reading
  1/16/2024HouseReferred to Rules Committee
  2/14/2024HouseAssigned to Revenue & Finance Committee
  3/8/2024HouseTo Revenue - Property Tax Subcommittee
  4/5/2024HouseRule 19(a) / Re-referred to Rules Committee
  1/7/2025HouseSession Sine Die

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