Illinois General Assembly - Bill Status for HB3704
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 Bill Status of HB3704  96th General Assembly


House Sponsors
Rep. Harry Osterman - Sidney H. Mathias

Last Action
DateChamber Action
  1/11/2011HouseSession 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.

DateChamber Action
  2/24/2009HouseFiled with the Clerk by Rep. Harry Osterman
  2/25/2009HouseFirst Reading
  2/25/2009HouseReferred to Rules Committee
  3/3/2009HouseAdded Chief Co-Sponsor Rep. Sidney H. Mathias
  3/3/2009HouseAssigned to Revenue & Finance Committee
  3/13/2009HouseRule 19(a) / Re-referred to Rules Committee
  2/16/2010HouseAssigned to Revenue & Finance Committee
  3/15/2010HouseRule 19(a) / Re-referred to Rules Committee
  1/11/2011HouseSession Sine Die

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