GARRETT-FEIGENHOLTZ-FORBY-FOWLER-DAVIS,MONIQUE, COULSON, BLACK, FRANKS, CROTTY, MILLER, BOLAND, ACEVEDO AND MENDOZA. (LINK-HENDON) 30 ILCS 105/5.122 from Ch. 127, par. 141.122 30 ILCS 105/6p-4 from Ch. 127, par. 142p4 35 ILCS 200/15-170 320 ILCS 30/Act title 320 ILCS 30/1 from Ch. 67 1/2, par. 451 320 ILCS 30/2 from Ch. 67 1/2, par. 452 320 ILCS 30/3 from Ch. 67 1/2, par. 453 320 ILCS 30/5 from Ch. 67 1/2, par. 455 320 ILCS 30/7 from Ch. 67 1/2, par. 457 Amends the Senior Citizens Real Estate Tax Deferral Act. Changes the short title to the Senior Citizens and Disabled Persons Real Estate Tax Deferral Act. Changes the name of the Senior Citizens Real Estate Deferred Tax Revolving Fund to the Senior Citizens and Disabled Persons Real Estate Deferred Tax Revolving Fund. Provides that disabled persons are eligible to receive real estate tax deferrals under the Act. Amends the State Finance Act and the Property Tax Code to change cross references. Effective January 1, 2002. FISCAL NOTE (Department of Revenue) Assuming the same participation rate for the disabled as cur- rently evidenced by the eligible senior citizens of less than 1% of the eligible population, the additional statewide proper- ty tax expenditures by the Department on behalf of the disabled persons can be expected to total an estimated $2.5 million. This represents a 60% increase over the Department's current expenditure of $3.7 million. The cost of this program is recov- ered with interest when the property is sold. However, there may be additional funds necessary to start payments on behalf of the new participants, and HB 296 deletes the provision of the law allowing for transfers from GRF as necessary to sup- plement the program. JAN-25-2001 H FILED WITH CLERK JAN-30-2001 H FIRST READING JAN-30-2001 H REFERRED TO HOUSE RULES COMMITTEE RULES JAN-31-2001 H ASSIGNED TO COMMITTEE REVENUE FEB-07-2001 H ADDED AS A JOINT SPONSOR FEIGENHOLTZ FEB-07-2001 H ADDED AS A JOINT SPONSOR FORBY FEB-07-2001 H ADDED AS A JOINT SPONSOR FOWLER FEB-09-2001 H ADDED AS A JOINT SPONSOR DAVIS,MONIQUE FEB-14-2001 H ADDED AS A CO-SPONSOR BROSNAHAN FEB-23-2001 H ADDED AS A CO-SPONSOR COULSON FEB-23-2001 H ADDED AS A CO-SPONSOR BLACK FEB-23-2001 H ADDED AS A CO-SPONSOR FRANKS MAR-15-2001 H ADDED AS A CO-SPONSOR CROTTY MAR-15-2001 H ADDED AS A CO-SPONSOR MILLER MAR-16-2001 H DO PASS/SHORT DEBATE 011-000-000 HREV MAR-16-2001 H PLACED CALENDAR 2ND READING-SHORT DEBATE MAR-20-2001 H SECOND READING-SHORT DEBATE MAR-20-2001 H PLCD CAL ORDER 3RD READING-SHORT DEBATE MAR-21-2001 H ADDED AS A CO-SPONSOR BOLAND MAR-21-2001 H ADDED AS A CO-SPONSOR O'BRIEN MAR-21-2001 H THIRD READING/SHORT DEBATE/PASSED 113-000-000 MAR-21-2001 H ADDED AS A CO-SPONSOR ACEVEDO MAR-21-2001 H ADDED AS A CO-SPONSOR MENDOZA MAR-21-2001 S ARRIVE IN SENATE MAR-23-2001 S FISCAL NOTE FILED MAR-23-2001 S PLACED CALENDAR ORDER OF FIRST READING 01-03-22 MAR-27-2001 S CHIEF SPONSOR HENDON MAR-28-2001 S SPONSOR REMOVED HENDON MAR-28-2001 S ALTERNATE CHIEF SPONSOR CHANGED TO LINK MAR-28-2001 S ADDED AS A CHIEF CO-SPONSOR HENDON MAR-28-2001 S FIRST READING MAR-28-2001 S REFERRED TO SENATE RULES COMMITTEE RULES JAN-07-2003 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary