97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB1625

 

Introduced 2/15/2011, by Rep. Emily McAsey

 

SYNOPSIS AS INTRODUCED:
 
35 ILCS 200/15-7 new

    Amends the Property Tax Code. Provides that if, in order to qualify for a property-tax exemption, the taxpayer must have an income that is at or below a certain amount, then, for the purposes of that exemption, the term "income" does not include any Social Security benefit unless expressly stated otherwise. Effective immediately.


LRB097 09076 HLH 49211 b

FISCAL NOTE ACT MAY APPLY
HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB1625LRB097 09076 HLH 49211 b

1    AN ACT concerning revenue.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Property Tax Code is amended by adding
5Section 15-7 as follows:
 
6    (35 ILCS 200/15-7 new)
7    Sec. 15-7. Income limits; Social Security. Beginning with
8the 2011 assessment year, if, in order to qualify for an
9exemption under this Article 15, the taxpayer must have an
10income that is at or below a certain amount, then, for the
11purposes of that exemption, the term "income" does not include
12any Social Security benefit unless expressly stated otherwise.
 
13    Section 99. Effective date. This Act takes effect upon
14becoming law.