Illinois General Assembly - Bill Status for SB1293
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 Bill Status of SB1293  103rd General Assembly

Short Description:  PROP TX-VETERANS

Senate Sponsors
Sen. Willie Preston

Last Action
DateChamber Action
  3/10/2023SenateRule 3-9(a) / Re-referred to Assignments

Statutes Amended In Order of Appearance
20 ILCS 2505/2505-810 new

Synopsis As Introduced
Amends the Department of Revenue Law of the Civil Administrative Code of Illinois. Provides that the Department of Revenue shall reimburse eligible taxing districts for revenue loss associated with providing homestead exemptions for veterans with disabilities. Specifies that a taxing district is eligible for reimbursement if application of the homestead exemptions for veterans with disabilities results in reduction in the total equalized assessed value of all taxable property in the taxing district in which the taxing district is located of more than 2.5% for the taxable year that is 2 years before the start of the State fiscal year in which the application for reimbursement is made and the taxing district is located in whole or in part in a county that contains a United States military base. Provides that the aggregate amount of reimbursements for all taxing districts in any calendar year may not exceed $15,000,000. Sets forth the amount of the reimbursement. Effective immediately.

DateChamber Action
  2/3/2023SenateFiled with Secretary by Sen. Christopher Belt
  2/3/2023SenateFirst Reading
  2/3/2023SenateReferred to Assignments
  2/14/2023SenateAssigned to Revenue
  3/9/2023SenatePostponed - Revenue
  3/10/2023SenateRule 3-9(a) / Re-referred to Assignments
  3/29/2023SenateChief Sponsor Changed to Sen. Willie Preston

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