Illinois General Assembly - Bill Status for HB5127

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Bill Status of HB5127 97th General Assembly

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Short Description: PROP TX-VETERANS-PRO RATA

House Sponsors
Rep. Jim Watson

Last Action

Date	Chamber	Action
1/8/2013	House	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 200/15-169

Synopsis As Introduced
Amends the Property Tax Code. Provides that, beginning in assessment year 2012, the disabled veterans standard homestead exemption shall be granted on a pro-rata basis if the property is first used as a qualified residence after January 1 of the assessment year. Provides that the amount of the pro-rata exemption is the amount of the annual exemption divided by 365 and multiplied by the number of days during the assessment year the property is occupied as a residence by a qualified disabled veteran. Provides that the chief county assessment officer must adopt reasonable procedures to establish eligibility for this pro-rata exemption. Effective immediately.

Actions

Date	Chamber	Action
2/8/2012	House	Filed with the Clerk by Rep. Jim Watson
2/8/2012	House	First Reading
2/8/2012	House	Referred to Rules Committee
1/8/2013	House	Session Sine Die

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