HOLBROOK-STEPHENS-WOOLARD-CROTTY-BRADFORD AND DAVIS,STEVE.
PROP TX-SR EXEMPTION-FILING
Synopsis of Bill as introduced:
Amends the Property Tax Code. Provides that once a person
qualifies for the Senior Citizens Homestead Exemption the person need
not reapply for the exemption. Provides that the exemption shall then
automatically be granted so long as the qualified person continues to
occupy the residence or, if the qualified person moves into a facility
licensed under the Nursing Home Care Act, so long as the qualified
persons's spouse occupies the residence if the spouse is 65 or older
or, if the residence remains unoccupied, so long as the person
qualified still owns the residence. Deletes current provisions
regarding annual filing. Effective immediately.
HOUSE AMENDMENT NO. 1.
Provides that the provisions concerning the automatic granting of
the exemption to persons who have previously been approved for the
exemption shall only apply in counties with a population between
250,000 and 300,000 that have an elected 3-member board of review.
STATE MANDATES FISCAL NOTE, H-AM 1
HB1513, with H-am 1, fails to create a State mandate.
HOME RULE NOTE, H-AM 1
HB1513, with H-am 1, does not preempt home rule authority.
FISCAL NOTE, H-AM 1 (Dept. of Revenue)
HB 1513, amended, is local in nature and does affect this Dept.
SENATE AMENDMENT NO. 1.
Restores provision stating that in counties with less than
3,000,000 inhabitants, if the assessor or chief county assessment
officer requires annual application for verification of eligibility
for a senior citizens homestead exemption once granted, the
application shall be mailed to the taxpayer.
SENATE AMENDMENT NO. 2.
Provides that the provision stating that a person qualifying for
the senior citizens homestead exemption need not reapply in subsequent
years shall apply in counties with less than 3,000,000 inhabitants
(now in counties with between 250,000 and 300,000 inhabitants that
have an elected 3-member board of review).
SENATE AMENDMENT NO. 4.
Adds reference to:
35 ILCS 200/30-25
Amends the Property Tax Code. Allows the
corporate authorities of a taxing district to distribute moneys
deposited in the tax reimbursement account to homestead property and
commercial or industrial property, except property located within a
tax increment financing district and apartment buildings. The
proportion of the moneys to be disbursed to homestead properties and
to commercial or industrial properties shall be determined by the
corporate authorities of the taxing district except that at least 50%
of the moneys shall be distributed to homestead properties.
SENATE AMENDMENT NO. 5.
Amends the Property Tax Code. Provides that the county board of a
county with less than 3,000,000 inhabitants may by resolution provide
that if a person has been granted a senior citizens homestead exemp-
tion, the person need not reapply for the exemption.
Last action on Bill: PUBLIC ACT.............................. 90-0471
Last action date: 97-08-17
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 4
END OF INQUIRY
Full Text Bill Status