Bill Status of HB 1341   96th General Assembly


Short Description:  PROP TAX-RETIREE EXEMPTION

House Sponsors
Rep. Kevin Joyce

Last Action  View All Actions

DateChamber Action
  1/11/2011HouseSession Sine Die

Statutes Amended In Order of Appearance
20 ILCS 620/6from Ch. 67 1/2, par. 1006
35 ILCS 200/15-10
35 ILCS 200/15-167.5 new
35 ILCS 200/20-178
35 ILCS 200/21-135
55 ILCS 85/6from Ch. 34, par. 7006
65 ILCS 5/11-74.4-9from Ch. 24, par. 11-74.4-9
65 ILCS 110/45
30 ILCS 805/8.33 new

Synopsis As Introduced
Amends the Property Tax Code. Awards an assessment freeze homestead exemption to retired police officers and firefighters who meet certain requirements. Provides that the amount of the exemption is the equalized assessed value of the residence in the taxable year for which application is made minus the equalized assessed value of the residence in the taxable year in which the applicant qualified for the exemption plus the first year's equalized assessed value of any added improvements that increased the assessed value of the residence after the base year. Makes corresponding changes to cross-references in the provisions concerning certification, certificate of errors, and delinquency notices. Amends various Acts concerning tax increment financing to deduct the exemption from assessed value calculations for entities that have adopted tax increment allocation financing under these provisions. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Actions 
DateChamber Action
  2/13/2009HouseFiled with the Clerk by Rep. Kevin Joyce
  2/18/2009HouseFirst Reading
  2/18/2009HouseReferred to Rules Committee
  2/23/2009HouseAssigned to Revenue & Finance Committee
  3/13/2009HouseRule 19(a) / Re-referred to Rules Committee
  1/11/2011HouseSession Sine Die

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