Bill Status of SB 2685   98th General Assembly

Short Description:  PROP TX-SENIOR FREEZE

Senate Sponsors
Sen. Michael Noland

Last Action  View All Actions

DateChamber Action
  1/13/2015SenateSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 200/15-172

Synopsis As Introduced
Amends the Property Tax Code. In a Section concerning the Senior Citizens Assessment Freeze Homestead Exemption, provides that the total property tax liability of any property receiving an exemption under that Section may not exceed the total property tax liability for that property in the immediately preceding taxable year, increased by the lesser of (i) the percentage increase, if any, in the total equalized assessed value all taxable property in the county over the immediately preceding taxable year, or (ii) one-half of the percentage change in the Consumer Price Index during the immediately preceding taxable year. Effective immediately.

Actions 
DateChamber Action
  1/21/2014SenateFiled with Secretary by Sen. Michael Noland
  1/21/2014SenateFirst Reading
  1/21/2014SenateReferred to Assignments
  2/11/2014SenateAssigned to Revenue
  2/20/2014SenateTo Subcommittee on Property Tax
  3/28/2014SenateRule 2-10 Committee Deadline Established As April 11, 2014
  4/11/2014SenateRule 2-10 Committee/3rd Reading Deadline Established As May 1, 2014
  4/30/2014SenateReported Back To Revenue; 003-000-000
  5/1/2014SenateRule 3-9(a) / Re-referred to Assignments
  1/13/2015SenateSession Sine Die

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