Illinois General Assembly - Bill Status for HB1439
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 Bill Status of HB1439  99th General Assembly


Short Description:  SENIOR TAX DEFERRAL-INTEREST

House Sponsors
Rep. Jack D. Franks, Esther Golar, Emanuel Chris Welch, Deb Conroy and Linda Chapa LaVia

Last Action
DateChamber Action
  1/10/2017HouseSession Sine Die

Statutes Amended In Order of Appearance
320 ILCS 30/3from Ch. 67 1/2, par. 453


Synopsis As Introduced
Amends the Senior Citizens Real Estate Tax Deferral Act. Provides that the rate of interest for taxes deferred on or after the effective date is equal to the most recent yield on a 30-year treasury bond as of the date the taxes were deferred, but not to exceed 6% per year (currently, the rate is 6% per year). Effective immediately.

Actions 
DateChamber Action
  2/5/2015HouseFiled with the Clerk by Rep. Jack D. Franks
  2/6/2015HouseFirst Reading
  2/6/2015HouseReferred to Rules Committee
  2/24/2015HouseAssigned to Revenue & Finance Committee
  2/26/2015HouseTo Property Tax Subcommittee
  3/27/2015HouseRule 19(a) / Re-referred to Rules Committee
  3/31/2015HouseAdded Co-Sponsor Rep. Esther Golar
  3/31/2015HouseAdded Co-Sponsor Rep. Emanuel Chris Welch
  3/31/2015HouseAdded Co-Sponsor Rep. Deb Conroy
  3/31/2015HouseAdded Co-Sponsor Rep. Linda Chapa LaVia
  1/10/2017HouseSession Sine Die

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