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 Bill Status of HB4125  100th General Assembly


Short Description:  PROP TX-HOMESTEAD REPAIR

House Sponsors
Rep. Barbara Wheeler - Joe Sosnowski

Last Action
DateChamber Action
  10/24/2017HouseReferred to Rules Committee

Statutes Amended In Order of Appearance
35 ILCS 200/15-173
35 ILCS 200/15-173.5 new


Synopsis As Introduced
Amends the Property Tax Code. Creates the Natural Disaster Home Repair Assistance Homestead Exemption. Creates a homestead exemption for homestead property that meets the following criteria: (1) the property sustains damage as a result a natural disaster occurring in assessment year 2017 or any assessment year thereafter; and (2) the homeowner incurs costs to repair that damage during the assessment year for which the exemption is sought. Provides that the exemption is a reduction in the equalized assessed value of the property in an amount equal to the costs incurred by the homeowner, but not to exceed $5,000 per year. Effective immediately.

Actions 
DateChamber Action
  10/23/2017HouseFiled with the Clerk by Rep. Barbara Wheeler
  10/23/2017HouseAdded Chief Co-Sponsor Rep. Joe Sosnowski
  10/24/2017HouseFirst Reading
  10/24/2017HouseReferred to Rules Committee

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