Illinois General Assembly - Bill Status for HB1377
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 Bill Status of HB1377  103rd General Assembly

Short Description:  PROP TX-NEW RESIDENTIAL

House Sponsors
Rep. Norma Hernandez - Emanuel "Chris" Welch - Edgar Gonzalez, Jr. - Kevin John Olickal - Lilian Jiménez, Jonathan Carroll, Barbara Hernandez, Hoan Huynh, Aaron M. Ortiz, Maurice A. West, II, Eva-Dina Delgado and Elizabeth "Lisa" Hernandez

Senate Sponsors
(Sen. Kimberly A. Lightford and Lakesia Collins)

Last Action
DateChamber Action
  8/9/2024HousePublic Act . . . . . . . . . 103-0793

Statutes Amended In Order of Appearance
35 ILCS 200/9-275
35 ILCS 200/15-179 new


Synopsis As Introduced
Amends the Property Tax Code. Creates a residential new construction homestead exemption. Provides that the county board of a county with more than 3,000,000 inhabitants, or any other county that elects to be a qualified county, may designate one or more geographic areas within the county as eligible areas. Sets forth certain requirements for an area to be designated as an eligible area. Provides that newly constructed homestead property that is located in an eligible area is entitled to a residential new construction homestead exemption equal to 50% of the assessed value of the property in the current taxable year. Provides that the exemption shall continue for a period of 10 consecutive taxable years or until the property is sold, transferred, or conveyed to a subsequent owner (other than a subsequent owner that meets certain specified conditions), whichever is earlier. Effective immediately.

House Committee Amendment No. 2
Deletes reference to:
35 ILCS 200/9-275
35 ILCS 200/15-179 new
Adds reference to:
35 ILCS 200/15-174.5 new

Replaces everything after the enacting clause. Amends the Property Tax Code. Creates a homestead exemption for eligible property that contains a single family residence that was built no earlier than January 1, 2021 by a municipality and was sold to a private homeowner before January 1, 2035. Provides that the exemption applies for a 10-year period beginning with the tax year following the year in which the property is first sold by the municipality to a private homeowner. Sets forth the amount of the exemption. Effective immediately.

Actions 
DateChamber Action
  1/24/2023HouseFiled with the Clerk by Rep. Norma Hernandez
  1/31/2023HouseFirst Reading
  1/31/2023HouseReferred to Rules Committee
  2/28/2023HouseAssigned to Revenue & Finance Committee
  3/2/2023HouseAdded Co-Sponsor Rep. Jonathan Carroll
  3/2/2023HouseAdded Co-Sponsor Rep. Lilian Jiménez
  3/2/2023HouseAdded Co-Sponsor Rep. Barbara Hernandez
  3/2/2023HouseAdded Co-Sponsor Rep. Hoan Huynh
  3/2/2023HouseAdded Co-Sponsor Rep. Aaron M. Ortiz
  3/2/2023HouseRemoved Co-Sponsor Rep. Lilian Jiménez
  3/9/2023HouseTo Revenue - Property Tax Subcommittee
  3/10/2023HouseRule 19(a) / Re-referred to Rules Committee
  3/14/2023HouseAdded Co-Sponsor Rep. Edgar Gonzalez, Jr.
  3/14/2023HouseRemoved Co-Sponsor Rep. Edgar Gonzalez, Jr.
  3/15/2023HouseAdded Chief Co-Sponsor Rep. Emanuel "Chris" Welch
  3/22/2023HouseAdded Chief Co-Sponsor Rep. Kevin John Olickal
  3/22/2023HouseAdded Chief Co-Sponsor Rep. Lilian Jiménez
  3/22/2023HouseAdded Chief Co-Sponsor Rep. Edgar Gonzalez, Jr.
  3/22/2023HouseChief Co-Sponsor Changed to Rep. Edgar Gonzalez, Jr.
  3/22/2023HouseChief Co-Sponsor Changed to Rep. Kevin John Olickal
  3/22/2023HouseChief Co-Sponsor Changed to Rep. Lilian Jiménez
  3/24/2023HouseAdded Co-Sponsor Rep. Maurice A. West, II
  1/31/2024HouseAssigned to Revenue & Finance Committee
  2/22/2024HouseAdded Co-Sponsor Rep. Eva-Dina Delgado
  3/8/2024HouseTo Revenue - Property Tax Subcommittee
  3/27/2024HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Norma Hernandez
  3/27/2024HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  3/27/2024HouseHouse Committee Amendment No. 2 Filed with Clerk by Rep. Norma Hernandez
  3/27/2024HouseHouse Committee Amendment No. 2 Referred to Rules Committee
  4/2/2024HouseHouse Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
  4/2/2024HouseHouse Committee Amendment No. 2 Rules Refers to Revenue & Finance Committee
  4/4/2024HouseRecommends Do Pass Subcommittee/ Revenue & Finance Committee; 005-000-000
  4/4/2024HouseReported Back To Revenue & Finance Committee;
  4/4/2024HouseHouse Committee Amendment No. 2 Adopted in Revenue & Finance Committee; by Voice Vote
  4/4/2024HouseDo Pass as Amended / Short Debate Revenue & Finance Committee; 015-001-001
  4/4/2024HouseHouse Committee Amendment No. 1 Tabled
  4/4/2024HousePlaced on Calendar 2nd Reading - Short Debate
  4/10/2024HouseSecond Reading - Short Debate
  4/10/2024HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/15/2024HouseAdded Co-Sponsor Rep. Elizabeth "Lisa" Hernandez
  4/15/2024HouseThird Reading - Short Debate - Passed 106-001-000
  4/16/2024SenateArrive in Senate
  4/16/2024SenatePlaced on Calendar Order of First Reading
  4/16/2024SenateChief Senate Sponsor Sen. Don Harmon
  4/16/2024SenateFirst Reading
  4/16/2024SenateReferred to Assignments
  4/24/2024SenateAssigned to Revenue
  4/30/2024SenateRule 2-10 Committee Deadline Established As May 10, 2024
  5/1/2024SenateDo Pass Revenue; 007-000-000
  5/2/2024SenatePlaced on Calendar Order of 2nd Reading May 7, 2024
  5/14/2024SenateSecond Reading
  5/14/2024SenatePlaced on Calendar Order of 3rd Reading
  5/17/2024SenateRule 2-10 Third Reading/Passage Deadline Established As May 24, 2024
  5/24/2024SenateAlternate Chief Sponsor Changed to Sen. Kimberly A. Lightford
  5/24/2024SenateAdded as Alternate Co-Sponsor Sen. Lakesia Collins
  5/24/2024SenateThird Reading - Passed; 059-000-000
  5/24/2024HousePassed Both Houses
  6/21/2024HouseSent to the Governor
  8/9/2024HouseGovernor Approved
  8/9/2024HouseEffective Date August 9, 2024
  8/9/2024HousePublic Act . . . . . . . . . 103-0793

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