SEVERNS-FARLEY-JACOBS. (BRUNSVOLD-BOLAND-HOLBROOK) 35 ILCS 200/15-175 Amends the Property Tax Code. Deletes current provisions concerning the application and approval process for the homestead exemption. Provides that if, in counties with fewer than 3,000,000 inhabitants, based on the most recent assessment, the equalized assessed value of the homestead property for the current assessment year is greater than the equalized assessed value of the property for 1977, the owner of the property shall automatically receive the exemption in the amount of the increase over the 1977 assessment up to the maximum amount allowed. FISCAL NOTE (Dept. of Revenue) SB 1075 has no direct fiscal impact on this Dept. STATE MANDATES FISCAL NOTE (DCCA) SB1075 fails to create a State mandate. 97-02-07 S FIRST READING 97-02-07 S REFERRED TO SENATE RULES COMMITTEE RULES 97-02-19 S ASSIGNED TO COMMITTEE REVENUE 97-03-06 S DO PASS 010-000-000 SREV 97-03-06 S PLACED ON CALENDAR ORDER OF 2ND READING 97-03-11 97-03-13 S SECOND READING 97-03-13 S PLACED ON CALENDAR ORDER OF 3RD READING 97-03-14 97-03-17 S ADDED AS A CHIEF CO-SPONSOR FARLEY 97-03-17 S ADDED AS A CHIEF CO-SPONSOR JACOBS 97-03-17 S THIRD READING - PASSED 057-000-000 97-03-18 H ARRIVE IN HOUSE 97-03-18 H PLACED CALENDAR ORDER OF FIRST READING 97-03-18 H HOUSE SPONSOR BRUNSVOLD 97-03-18 H FIRST READING 97-03-18 H REFERRED TO HOUSE RULES COMMITTEE RULES 97-03-21 H ASSIGNED TO COMMITTEE REVENUE 97-05-08 H DO PASS/SHORT DEBATE 011-000-000 HREV 97-05-08 H PLACED CALENDAR 2ND READING-SHORT DEBATE 97-05-08 H FISCAL NOTE REQUESTED MOORE,ANDREA 97-05-08 H STATE MANDATES FISCAL NOTE REQUESTED MOORE,ANDREA 97-05-08 H CALENDAR ORDER 2ND READING-SHORT DEBATE 97-05-12 H FISCAL NOTE FILED 97-05-12 H CALENDAR ORDER 2ND READING-SHORT DEBATE 97-05-13 H SECOND READING-SHORT DEBATE 97-05-13 H HELD ON CAL ORDER 2ND RDG - SHORT DEBATE 97-05-15 H STATE MANDATES FISCAL NOTE FILED 97-05-15 H HELD ON CAL ORDER 2ND RDG - SHORT DEBATE 97-05-16 H ADDED AS A JOINT SPONSOR BOLAND 97-05-16 H ADDED AS A JOINT SPONSOR HOLBROOK 97-05-16 H PLCD CAL ORDER 3RD READING-SHORT DEBATE 97-05-16 H THIRD READING/SHORT DEBATE/PASSED 116-000-000 97-05-16 S PASSED BOTH HOUSES 97-06-13 S SENT TO THE GOVERNOR 97-08-10 S GOVERNOR APPROVED 97-08-10 S EFFECTIVE DATE 98-01-01 97-08-10 S PUBLIC ACT.............................. 90-0368 END OF INQUIRY Full Text Bill Summary