LINK. 35 ILCS 200/15-175 30 ILCS 805/8.24 new Amends the Property Tax Code concerning the general homestead exemption. Provides that the maximum reduction in the equalized assessed value of homestead property shall be adjusted annually to reflect increases in the Consumer Price Index-U published by the federal Department of Labor. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. 00-01-19 S FIRST READING 00-01-19 S REFERRED TO SENATE RULES COMMITTEE RULES 01-01-09 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary