Bill Status of HB 886   96th General Assembly

Short Description:  PROP TAX-DISABLD VET FREEZE

House Sponsors
Rep. Mike Boland-Charles E. Jefferson-Keith Farnham-Lisa M. Dugan-Fred Crespo, John D'Amico, Jehan A. Gordon, Emily McAsey, Sidney H. Mathias and Carol A. Sente

Last Action  View All Actions

DateChamber Action
  1/11/2011HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 200/14-20
35 ILCS 200/15-10
35 ILCS 200/15-173 new
35 ILCS 200/20-178
30 ILCS 805/8.33 new

Synopsis As Introduced
Amends the Property Tax Code. Creates the disabled veterans assessment freeze homestead exemption for a person who has served in the armed forces of the United States, the reserves of the armed forces of the United States, or the Illinois National Guard and who is disabled. Provides that the amount of this exemption shall be the equalized assessed value of the residence in the taxable year for which application is made minus the base amount. Defines "base amount" as the base year equalized assessed value of the residence plus the first year's equalized assessed value of any added improvements that increased the assessed value of the residence after the base year. Defines "base year" as, in most instances, the taxable year prior to the taxable year for which the applicant first qualifies and applies for the exemption. Makes corresponding changes to cross-references in other provisions of the Property Tax Code. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Actions 
DateChamber Action
  2/10/2009HouseFiled with the Clerk by Rep. Mike Boland
  2/10/2009HouseFirst Reading
  2/10/2009HouseReferred to Rules Committee
  2/18/2009HouseAssigned to Revenue & Finance Committee
  2/19/2009HouseAdded Co-Sponsor Rep. Charles E. Jefferson
  2/19/2009HouseRemoved Co-Sponsor Rep. Charles E. Jefferson
  2/19/2009HouseAdded Chief Co-Sponsor Rep. Charles E. Jefferson
  2/19/2009HouseAdded Chief Co-Sponsor Rep. Keith Farnham
  2/25/2009HouseAdded Co-Sponsor Rep. John D'Amico
  2/26/2009HouseAdded Chief Co-Sponsor Rep. Lisa M. Dugan
  3/2/2009HouseAdded Chief Co-Sponsor Rep. Fred Crespo
  3/5/2009HouseAdded Co-Sponsor Rep. Jehan A. Gordon
  3/9/2009HouseAdded Co-Sponsor Rep. Emily McAsey
  3/12/2009HouseAdded Co-Sponsor Rep. Sidney H. Mathias
  3/13/2009HouseRule 19(a) / Re-referred to Rules Committee
  10/30/2009HouseAdded Co-Sponsor Rep. Carol A. Sente
  3/2/2010HouseAssigned to Revenue & Finance Committee
  3/15/2010HouseRule 19(a) / Re-referred to Rules Committee
  1/11/2011HouseSession Sine Die

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