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 Bill Status of HB3671  100th General Assembly


Short Description:  PROP TX- FIRST-TIME HOMEBUYER

House Sponsors
Rep. David A. Welter

Last Action
DateChamber Action
  3/31/2017HouseRule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance
35 ILCS 200/15-179 new
30 ILCS 805/8.41 new


Synopsis As Introduced
Amends the Property Tax Code. Creates a first-time homebuyer homestead exemption. Provides that residential property valued at $75,000 or more that is owned and occupied by a first-time homebuyer is entitled to a reduction in the equalized assessed value of the property in the amount of $7,500. Amends the State Mandates Act to require implementation without reimbursement.

Actions 
DateChamber Action
  2/10/2017HouseFiled with the Clerk by Rep. David A. Welter
  2/10/2017HouseFirst Reading
  2/10/2017HouseReferred to Rules Committee
  3/1/2017HouseAssigned to Revenue & Finance Committee
  3/9/2017HouseTo Property Tax Subcommittee
  3/31/2017HouseRule 19(a) / Re-referred to Rules Committee

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