| Date | Chamber | Action |
| 1/9/2007 | Senate | Session Sine Die |
| 35 ILCS 200/1-150 |
| Fiscal Note (S-AM 1) (Dept. of Revenue) | |
| There is no state fiscal impact. The impact on local governments comes in three ways. (1) It makes the Alternative General Homestead Exemption (AGHE) created pursuant to Public Act 93-715 permanent in Cook County, where two thirds of the way through the implementation no loss to taxing districts has been identified. (2) It allows any of the 101 other counties another opportunity to opt into the AGHE. The fiscal impact cannot be calculated, but will depend upon how many counties opt in and whether they have properties increasing more than 7% in value annually. When the AGHE was originally offered in 2004, no county except Cook chose to adopt it. The difference between Cook County, which does not equalize between triennial reassessments and other counties that do, would reduce use of the AGHE in other counties. (3) It removes the $20,000 maximum on the AGHE. In Chicago, there were 75,000 out of 357,000 homestead properties on which the AGHE's hit the 20,000 cap the first year, primarily among higher-priced properties. The fiscal impact cannot be calculated, but the Department has contracted for a detailed study that will provide this information for Cook County. |
| Date | Chamber | Action | 2/18/2005 | Senate | Filed with Secretary by Sen. Don Harmon | 2/18/2005 | Senate | Chief Co-Sponsor Sen. Emil Jones, Jr. | 2/18/2005 | Senate | First Reading | 2/18/2005 | Senate | Referred to Rules | 2/18/2005 | Senate | Chief Co-Sponsor Changed to Sen. Emil Jones, Jr. | 2/24/2005 | Senate | Assigned to Revenue | 3/10/2005 | Senate | Do Pass Revenue; 006-003-000 | 3/10/2005 | Senate | Placed on Calendar Order of 2nd Reading March 15, 2005 | 3/15/2005 | Senate | Second Reading | 3/15/2005 | Senate | Placed on Calendar Order of 3rd Reading March 16, 2005 | 4/12/2005 | Senate | Placed on Calendar Order of 3rd Reading ** April 13, 2005 | 4/15/2005 | Senate | Rule 2-10 Third Reading Deadline Extended to December 31, 2005 | 7/1/2005 | Senate | Pursuant to Senate Rule 3-9(b) / Referred to Rules | 10/19/2005 | Senate | Approved for Consideration Rules | 10/19/2005 | Senate | Placed on Calendar Order of 3rd Reading October 25, 2005 | 10/25/2005 | Senate | Senate Floor Amendment No. 1 Filed with Secretary by Sen. Terry Link | 10/25/2005 | Senate | Senate Floor Amendment No. 1 Referred to Rules | 10/26/2005 | Senate | Chief Sponsor Changed to Sen. Terry Link | 10/26/2005 | Senate | Added as Chief Co-Sponsor Sen. Don Harmon | 10/26/2005 | Senate | Added as Chief Co-Sponsor Sen. Louis S. Viverito | 10/26/2005 | Senate | Added as Chief Co-Sponsor Sen. Jacqueline Y. Collins | 10/26/2005 | Senate | Added as Co-Sponsor Sen. Iris Y. Martinez | 10/27/2005 | Senate | Added as Co-Sponsor Sen. Antonio Munoz | 11/4/2005 | Senate | Added as Co-Sponsor Sen. Mattie Hunter | 11/4/2005 | Senate | Added as Co-Sponsor Sen. Miguel del Valle | 11/4/2005 | Senate | Added as Co-Sponsor Sen. James A. DeLeo | 11/4/2005 | Senate | Added as Co-Sponsor Sen. Rickey R. Hendon | 11/4/2005 | Senate | Added as Co-Sponsor Sen. M. Maggie Crotty | 11/4/2005 | Senate | Added as Co-Sponsor Sen. Martin A. Sandoval | 11/4/2005 | Senate | Rule 2-10 Third Reading Deadline Extended to January 9, 2007 | 11/7/2005 | Senate | Added as Co-Sponsor Sen. Susan Garrett | 11/15/2005 | Senate | Added as Co-Sponsor Sen. Donne E. Trotter | 11/16/2005 | Senate | Added as Co-Sponsor Sen. Kimberly A. Lightford | 11/29/2005 | Senate | Added as Co-Sponsor Sen. John J. Cullerton | 11/29/2005 | Senate | Added as Co-Sponsor Sen. Ira I. Silverstein | 12/5/2005 | Senate | Pursuant to Senate Rule 3-9(b) / Referred to Rules | 12/16/2005 | Senate | Added as Co-Sponsor Sen. Jeffrey M. Schoenberg | 1/17/2006 | Senate | Fiscal Note Filed on Senate Amendment No. 1, from the Illinois Department of Revenue. | 1/20/2006 | Senate | Added as Co-Sponsor Sen. Cheryl Axley | 1/9/2007 | Senate | Session Sine Die |