Bill Status of SB 3340   96th General Assembly


Short Description:  PROP TX-PTELL RATES

Senate Sponsors
Sen. Tim Bivins-Kyle McCarter-Larry K. Bomke-Pamela J. Althoff

Last Action  View All Actions

DateChamber Action
  1/12/2011SenateSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 200/15-165
35 ILCS 200/15-166 new

Synopsis As Introduced
Amends the Property Tax Code. Ends the current exemption for disabled veterans with the 2010 tax year. Beginning with the 2011 tax year, provides a property tax exemption for property that is owned and used as a homestead by a disabled veteran or the spouse or unmarried surviving spouse of the veteran. Provides that the amount of the exemption is an amount equal to the assessed value of the property multiplied by the percentage of disability of the veteran. Sets forth requirements for the exemptions. Provides that a surviving spouse may transfer the exemption to homestead property acquired after the veteran's death. Requires an annual application for the exemptions. Effective immediately.

Actions 
DateChamber Action
  2/10/2010SenateFiled with Secretary by Sen. Tim Bivins
  2/10/2010SenateChief Co-Sponsor Sen. Kyle McCarter
  2/10/2010SenateFirst Reading
  2/10/2010SenateReferred to Assignments
  2/16/2010SenateAdded as Chief Co-Sponsor Sen. Larry K. Bomke
  2/24/2010SenateAssigned to Revenue
  3/4/2010SenateAdded as Chief Co-Sponsor Sen. Pamela J. Althoff
  3/8/2010SenateTo Revenue Subcommittee on Property Taxes
  3/8/2010SenateRule 3-9(a) / Re-referred to Assignments
  1/12/2011SenateSession Sine Die

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