Date	Chamber	Action
1/11/2011	House	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 200/15-176

35 ILCS 200/15-177

Synopsis As Introduced
Amends the Property Tax Code. In a Section concerning the alternative general homestead exemption, provides that the maximum amount of the exemption is $40,000 for taxable year 2008 and thereafter. Provides that the alternative general homestead exemption applies on a permanent basis. In a Section concerning the long-time occupant homestead exemption, expands the definition of "adjusted homestead value". Beginning with taxable year 2008 and thereafter, "adjusted homestead value" means a property's base homestead value increased by 7% for each taxable year after the base year through and including the current tax year for qualified taxpayers with a household income of $100,000 or less. Makes other changes. Effective immediately.

Actions 

Date	Chamber	Action
2/24/2009	House	Filed with the Clerk by Rep. Harry Osterman
2/25/2009	House	First Reading
2/25/2009	House	Referred to Rules Committee
3/3/2009	House	Added Chief Co-Sponsor Rep. Sidney H. Mathias
3/3/2009	House	Assigned to Revenue & Finance Committee
3/13/2009	House	Rule 19(a) / Re-referred to Rules Committee
2/16/2010	House	Assigned to Revenue & Finance Committee
3/15/2010	House	Rule 19(a) / Re-referred to Rules Committee
1/11/2011	House	Session Sine Die

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