Illinois General Assembly - Bill Status for HB1518

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Bill Status of HB1518 97th General Assembly

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Short Description: SENIOR TAX DEFERRAL-INCOME

House Sponsors
Rep. Barbara Flynn Currie - Esther Golar, Rita Mayfield, Jack D. Franks, Keith Farnham, Carol A. Sente, Linda Chapa LaVia and Eddie Lee Jackson, Sr.

Senate Sponsors
(Sen. John G. Mulroe - Dan Kotowski, John J. Millner and Ira I. Silverstein)

Last Action

Date	Chamber	Action
8/22/2011	House	Public Act . . . . . . . . . 97-0481

Statutes Amended In Order of Appearance

320 ILCS 30/2

from Ch. 67 1/2, par. 452

320 ILCS 30/3

from Ch. 67 1/2, par. 453

Synopsis As Introduced
Amends the Senior Citizens Real Estate Tax Deferral Act. Beginning in tax year 2012, increases the taxpayer's income limit from $50,000 to $55,000. Provides that "qualified property" must not be held in trust, other than an Illinois land trust with the taxpayer identified as the sole beneficiary, if the taxpayer is filing for the program for the first time effective as of the January 1, 2011 assessment year or tax year 2012 and thereafter. Effective as of the January 1, 2011 assessment year or tax year 2012 and thereafter, provides that the total amount of any deferral shall not exceed $5,000 per taxpayer in each tax year. Effective immediately.

Senate Committee Amendment No. 1

	Adds reference to:
	35 ILCS 200/11-80.1 new

35 ILCS 200/11-85

35 ILCS 200/11-90

Amends the Property Tax Code. Provides that any increase in railroad operating property's overall valuation that is directly attributable to the investment, improvement, replacement, or expansion of railroad operating property on or after January 1, 2010, through State or federal government programs necessary for higher speed passenger rail transportation, including cooperative agreements, shall be excluded from the valuation of its real property improvements. Provides that certain statements and schedules required to be submitted by railroad companies must include information pertaining to any potential increases in the property's overall valuation that is directly attributable to the investment, improvement, replacement, or expansion of railroad operating property on or after January 1, 2010 through State or federal governmental programs necessary for higher speed passenger rail transportation.

Actions

Date	Chamber	Action
2/14/2011	House	Filed with the Clerk by Rep. Barbara Flynn Currie
2/15/2011	House	First Reading
2/15/2011	House	Referred to Rules Committee
2/22/2011	House	Assigned to Revenue & Finance Committee
3/3/2011	House	Recommends Do Pass Subcommittee/ Revenue & Finance Committee; 003-000-000
3/3/2011	House	Remains in Revenue & Finance Committee
3/17/2011	House	Do Pass / Short Debate Revenue & Finance Committee; 009-000-000
3/17/2011	House	Placed on Calendar 2nd Reading - Short Debate
3/30/2011	House	Second Reading - Short Debate
3/30/2011	House	Placed on Calendar Order of 3rd Reading - Short Debate
3/30/2011	House	Added Co-Sponsor Rep. Rita Mayfield
3/31/2011	House	Third Reading - Short Debate - Passed 110-000-000
3/31/2011	House	Added Co-Sponsor Rep. Jack D. Franks
3/31/2011	House	Added Co-Sponsor Rep. Keith Farnham
3/31/2011	House	Added Co-Sponsor Rep. Carol A. Sente
3/31/2011	House	Added Co-Sponsor Rep. Linda Chapa LaVia
3/31/2011	House	Added Co-Sponsor Rep. Eddie Lee Jackson, Sr.
4/6/2011	Senate	Arrive in Senate
4/6/2011	Senate	Placed on Calendar Order of First Reading April 7, 2011
4/7/2011	Senate	Chief Senate Sponsor Sen. John G. Mulroe
4/8/2011	Senate	First Reading
4/8/2011	Senate	Referred to Assignments
4/27/2011	Senate	Assigned to Revenue
5/5/2011	Senate	Added as Alternate Co-Sponsor Sen. John J. Millner
5/5/2011	Senate	Postponed - Revenue
5/5/2011	Senate	Senate Committee Amendment No. 1 Filed with Secretary by Sen. John G. Mulroe
5/5/2011	Senate	Senate Committee Amendment No. 1 Referred to Assignments
5/10/2011	Senate	Senate Committee Amendment No. 1 Assignments Refers to Revenue
5/11/2011	Senate	Senate Committee Amendment No. 1 Adopted
5/11/2011	Senate	Do Pass as Amended Revenue; 010-000-000
5/11/2011	Senate	Placed on Calendar Order of 2nd Reading May 12, 2011
5/12/2011	Senate	Added as Alternate Chief Co-Sponsor Sen. Dan Kotowski
5/12/2011	Senate	Second Reading
5/12/2011	Senate	Placed on Calendar Order of 3rd Reading May 13, 2011
5/17/2011	Senate	Added as Alternate Co-Sponsor Sen. Ira I. Silverstein
5/17/2011	Senate	Third Reading - Passed; 057-000-000
5/17/2011	House	Arrived in House
5/17/2011	House	Placed on Calendar Order of Concurrence Senate Amendment(s) 1
5/17/2011	House	Senate Committee Amendment No. 1 Motion Filed Concur Rep. Barbara Flynn Currie; MOTION #1
5/17/2011	House	Senate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee; MOTION #1
5/29/2011	House	Senate Committee Amendment No. 1 Motion Filed Non-Concur Rep. Barbara Flynn Currie; MOTION #2
5/30/2011	House	Senate Committee Amendment No. 1 Motion to Concur Rules Referred to Revenue & Finance Committee; MOTION #1
5/31/2011	House	Senate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Revenue & Finance Committee; 009-000-000; MOTION #1
5/31/2011	House	Senate Committee Amendment No. 1 House Concurs 116-000-000
5/31/2011	House	Passed Both Houses
5/31/2011	House	Added Chief Co-Sponsor Rep. Esther Golar
6/29/2011	House	Sent to the Governor
8/22/2011	House	Governor Approved
8/22/2011	House	Effective Date August 22, 2011
8/22/2011	House	Public Act . . . . . . . . . 97-0481

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