92nd General Assembly
Summary of HB0434
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 Full Text  Bill Status
House Sponsors:
BLACK.

Short description: 
PROP TAX-DISABLED EXEMPTION                                                

Synopsis of Bill as introduced:
        Amends the Property Tax Code.  Awards a  homestead  exemption  in      
   the   amount   of   $5,000   to  disabled  persons  who  meet  certain      
   requirements, including having an adjusted gross income of  less  than      
   $16,000.   Makes  corresponding  changes  to  cross-references  in the      
   provisions  concerning  certification,  certificate  of  errors,   and      
   delinquency   notices.   Amends  the  Economic  Development  Area  Tax      
   Increment Allocation Act, County  Economic  Development  Project  Area      
   Property  Tax Allocation Act, County Economic Development Project Area      
   Tax Increment Allocation Act of 1991,  and  the  Economic  Development      
   Project  Area  Tax  Increment  Allocation Act of 1995.  Amends the Tax      
   Increment Allocation Redevelopment Act and  Industrial  Jobs  Recovery      
   Law of the Illinois Municipal Code to add cross-references. Deducts         
   the exemption from assessed value calculations for entities that have       
   adopted tax allocation financing under these provisions. Amends the         
   Criminal Code of 1961 to provide that an individual under a deporta-        
   tion order is ineligible for the disabled persons homestead exemption.      
   Preemepts home rule. Amends the State Mandates Act to require imple-        
   mentation without reimbursement. Effective immediately.                     
 
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 



 Full Text  Bill Status