Illinois General Assembly - Bill Status for SB3722
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 Bill Status of SB3722  102nd General Assembly


Short Description:  HOMESTEAD EXEMPTIONS

Senate Sponsors
Sen. Karina Villa

Last Action
DateChamber Action
  2/18/2022SenateRule 3-9(a) / Re-referred to Assignments

Statutes Amended In Order of Appearance
735 ILCS 5/2-1402from Ch. 110, par. 2-1402
735 ILCS 5/12-901from Ch. 110, par. 12-901
735 ILCS 5/12-904from Ch. 110, par. 12-904
735 ILCS 5/12-906from Ch. 110, par. 12-906
735 ILCS 5/12-909from Ch. 110, par. 12-909
735 ILCS 5/12-910from Ch. 110, par. 12-910
735 ILCS 5/12-911from Ch. 110, par. 12-911
735 ILCS 5/12-912from Ch. 110, par. 12-912


Synopsis As Introduced
Amends the Code of Civil Procedure. Provides that every individual is entitled to an estate of homestead to the extent in value of the greater of (1) the countywide median sale price for a single-family home in the calendar year prior to the calendar year in which the judgment debtor claims the exemption, not to exceed $600,000, or (2) $300,000 (rather than $15,000) of his or her interest in a farm or lot of land and buildings thereon, a condominium, or personal property, owned or rightly possessed by lease or otherwise and occupied by him or her as a residence, or in a cooperative that owns property that the individual uses as a residence. Makes conforming changes.

Actions 
DateChamber Action
  1/21/2022SenateFiled with Secretary by Sen. Karina Villa
  1/21/2022SenateFirst Reading
  1/21/2022SenateReferred to Assignments
  2/1/2022SenateAssigned to Judiciary
  2/7/2022SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Karina Villa
  2/7/2022SenateSenate Committee Amendment No. 1 Referred to Assignments
  2/7/2022SenateTo Judiciary- Property Law
  2/8/2022SenateSenate Committee Amendment No. 1 Assignments Refers to Judiciary
  2/10/2022SenateRule 2-10 Committee Deadline Established As February 18, 2022
  2/18/2022SenateSenate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
  2/18/2022SenateRule 3-9(a) / Re-referred to Assignments

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