Illinois General Assembly - Bill Status for SB3340

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Bill Status of SB3340 96th General Assembly

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Short Description: PROP TX-PTELL RATES

Senate Sponsors
Sen. Tim Bivins - Kyle McCarter - Larry K. Bomke - Pamela J. Althoff

Last Action

Date	Chamber	Action
1/12/2011	Senate	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 200/15-165

35 ILCS 200/15-166 new

Synopsis As Introduced
Amends the Property Tax Code. Ends the current exemption for disabled veterans with the 2010 tax year. Beginning with the 2011 tax year, provides a property tax exemption for property that is owned and used as a homestead by a disabled veteran or the spouse or unmarried surviving spouse of the veteran. Provides that the amount of the exemption is an amount equal to the assessed value of the property multiplied by the percentage of disability of the veteran. Sets forth requirements for the exemptions. Provides that a surviving spouse may transfer the exemption to homestead property acquired after the veteran's death. Requires an annual application for the exemptions. Effective immediately.

Actions

Date	Chamber	Action
2/10/2010	Senate	Filed with Secretary by Sen. Tim Bivins
2/10/2010	Senate	Chief Co-Sponsor Sen. Kyle McCarter
2/10/2010	Senate	First Reading
2/10/2010	Senate	Referred to Assignments
2/16/2010	Senate	Added as Chief Co-Sponsor Sen. Larry K. Bomke
2/24/2010	Senate	Assigned to Revenue
3/4/2010	Senate	Added as Chief Co-Sponsor Sen. Pamela J. Althoff
3/8/2010	Senate	To Revenue Subcommittee on Property Taxes
3/8/2010	Senate	Rule 3-9(a) / Re-referred to Assignments
1/12/2011	Senate	Session Sine Die

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