Illinois General Assembly

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 Bill Status of HB4242  97th General Assembly


Short Description:  REVENUE-TECH

House Sponsors
Rep. Brandon W. Phelps - John E. Bradley - John D. Cavaletto - Mike Bost - Ed Sullivan, Jr., Chris Nybo, JoAnn D. Osmond, Jil Tracy, Norine Hammond, Paul Evans, Dwight Kay, Kent Gaffney, Michael G. Connelly, Renée Kosel, Timothy L. Schmitz, Keith P. Sommer, Patricia R. Bellock, Darlene J. Senger, Sandy Cole, Chapin Rose, Michael W. Tryon, Dan Brady, Adam Brown, Richard Morthland, David Reis, Pam Roth, Jim Watson, Wayne Rosenthal, John D'Amico, Joseph M. Lyons, Patrick J. Verschoore, Jerry F. Costello, II, Lisa M. Dugan, Daniel V. Beiser, Donald L. Moffitt and William Davis

Senate Sponsors
(Sen. Gary Forby )

Last Action
DateChamber Action
  6/29/2012HousePublic Act . . . . . . . . . 97-0716

Statutes Amended In Order of Appearance
35 ILCS 200/15-175


Synopsis As Introduced
Amends the Property Tax Code. Makes a technical change in a Section concerning the general homestead exemption.

House Floor Amendment No. 3
Deletes reference to:
35 ILCS 200/15-175
Adds reference to:
35 ILCS 200/15-173 new
30 ILCS 805/8.36 new

Replaces everything after the enacting clause. Amends the Property Tax Code. Creates an assessment freeze for properties containing a residential structure that has been rebuilt following a natural disaster occurring in taxable year 2012 or any taxable year thereafter. Provides that the amount of the reduction is the equalized assessed value of the residence in the taxable year for which application is made minus the equalized assessed value of the residence in the taxable year prior to the taxable year in which the natural disaster occurred, plus the first year's equalized assessed value of any added improvements which increased the assessed value of the residence after the base year. Provides that, to be eligible for the exemption: (i) the residential structure must be rebuilt within 2 years after the natural disaster; and (ii) the square footage of the rebuilt residential structure may not be more than 110% of the square footage of the original residential structure as it existed immediately prior to the natural disaster. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Senate Committee Amendment No. 1
Replaces everything after the enacting clause. Reinserts the provisions of the engrossed bill. Creates the Natural Disaster Homestead Exemption (instead of the Natural Disaster Assessment Freeze Homestead Exemption). Provides that the exemption is equal to equalized assessed value of the residence in the first taxable year for which the taxpayer applies for an exemption under this Section minus the base amount. Provides that the taxpayer must make an initial application for an exemption under this Section no later than the first taxable year after the residential structure is rebuilt. Effective immediately.

Actions 
DateChamber Action
  1/27/2012HouseFiled with the Clerk by Rep. Michael J. Madigan
  1/30/2012HouseFirst Reading
  1/30/2012HouseReferred to Rules Committee
  2/29/2012HouseAssigned to Executive Committee
  3/8/2012HouseDo Pass / Short Debate Executive Committee; 011-000-000
  3/8/2012HousePlaced on Calendar 2nd Reading - Short Debate
  3/21/2012HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. Brandon W. Phelps
  3/21/2012HouseHouse Floor Amendment No. 1 Referred to Rules Committee
  3/22/2012HouseHouse Floor Amendment No. 1 Rules Refers to Revenue & Finance Committee
  3/23/2012HouseHouse Floor Amendment No. 2 Filed with Clerk by Rep. Brandon W. Phelps
  3/23/2012HouseHouse Floor Amendment No. 2 Referred to Rules Committee
  3/26/2012HouseChief Sponsor Changed to Rep. Brandon W. Phelps
  3/26/2012HouseHouse Floor Amendment No. 3 Filed with Clerk by Rep. Brandon W. Phelps
  3/26/2012HouseHouse Floor Amendment No. 3 Referred to Rules Committee
  3/26/2012HouseHouse Floor Amendment No. 3 Rules Refers to Revenue & Finance Committee
  3/27/2012HouseSecond Reading - Short Debate
  3/27/2012HouseHeld on Calendar Order of Second Reading - Short Debate
  3/28/2012HouseHouse Floor Amendment No. 3 Recommends Be Adopted Revenue & Finance Committee; 009-000-000
  3/29/2012HouseHouse Floor Amendment No. 4 Filed with Clerk by Rep. Brandon W. Phelps
  3/29/2012HouseHouse Floor Amendment No. 4 Referred to Rules Committee
  3/30/2012HouseHouse Floor Amendment No. 3 Adopted by Voice Vote
  3/30/2012HousePlaced on Calendar Order of 3rd Reading - Short Debate
  3/30/2012HouseThird Reading - Short Debate - Passed 110-000-000
  3/30/2012HouseHouse Floor Amendment No. 1 Tabled Pursuant to Rule 40
  3/30/2012HouseHouse Floor Amendment No. 2 Tabled Pursuant to Rule 40
  3/30/2012HouseHouse Floor Amendment No. 4 Tabled Pursuant to Rule 40
  3/30/2012HouseAdded Chief Co-Sponsor Rep. John E. Bradley
  3/30/2012HouseAdded Chief Co-Sponsor Rep. John D. Cavaletto
  3/30/2012HouseAdded Chief Co-Sponsor Rep. Mike Bost
  3/30/2012HouseAdded Chief Co-Sponsor Rep. Ed Sullivan, Jr.
  3/30/2012HouseAdded Co-Sponsor Rep. Chris Nybo
  3/30/2012HouseAdded Co-Sponsor Rep. JoAnn D. Osmond
  3/30/2012HouseAdded Co-Sponsor Rep. Jil Tracy
  3/30/2012HouseAdded Co-Sponsor Rep. Norine Hammond
  3/30/2012HouseAdded Co-Sponsor Rep. Paul Evans
  3/30/2012HouseAdded Co-Sponsor Rep. Dwight Kay
  3/30/2012HouseAdded Co-Sponsor Rep. Kent Gaffney
  3/30/2012HouseAdded Co-Sponsor Rep. Michael G. Connelly
  3/30/2012HouseAdded Co-Sponsor Rep. Renée Kosel
  3/30/2012HouseAdded Co-Sponsor Rep. Timothy L. Schmitz
  3/30/2012HouseAdded Co-Sponsor Rep. Keith P. Sommer
  3/30/2012HouseAdded Co-Sponsor Rep. Patricia R. Bellock
  3/30/2012HouseAdded Co-Sponsor Rep. Darlene J. Senger
  3/30/2012HouseAdded Co-Sponsor Rep. Sandy Cole
  3/30/2012HouseAdded Co-Sponsor Rep. Chapin Rose
  3/30/2012HouseAdded Co-Sponsor Rep. Michael W. Tryon
  3/30/2012HouseAdded Co-Sponsor Rep. Dan Brady
  3/30/2012HouseAdded Co-Sponsor Rep. Adam Brown
  3/30/2012HouseAdded Co-Sponsor Rep. Richard Morthland
  3/30/2012HouseAdded Co-Sponsor Rep. David Reis
  3/30/2012HouseAdded Co-Sponsor Rep. Pam Roth
  3/30/2012HouseAdded Co-Sponsor Rep. Jim Watson
  3/30/2012HouseAdded Co-Sponsor Rep. Wayne Rosenthal
  3/30/2012HouseAdded Co-Sponsor Rep. John D'Amico
  3/30/2012HouseAdded Co-Sponsor Rep. Joseph M. Lyons
  3/30/2012HouseAdded Co-Sponsor Rep. Patrick J. Verschoore
  3/30/2012HouseAdded Co-Sponsor Rep. Jerry F. Costello, II
  3/30/2012HouseAdded Co-Sponsor Rep. Lisa M. Dugan
  3/30/2012HouseAdded Co-Sponsor Rep. Daniel V. Beiser
  3/30/2012HouseAdded Co-Sponsor Rep. Donald L. Moffitt
  3/30/2012HouseAdded Co-Sponsor Rep. William Davis
  4/11/2012SenateArrive in Senate
  4/11/2012SenatePlaced on Calendar Order of First Reading April 17, 2012
  4/11/2012SenateChief Senate Sponsor Sen. Gary Forby
  4/17/2012SenateFirst Reading
  4/17/2012SenateReferred to Assignments
  4/24/2012SenateAssigned to Revenue
  5/1/2012SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Gary Forby
  5/1/2012SenateSenate Committee Amendment No. 1 Referred to Assignments
  5/1/2012SenateSenate Committee Amendment No. 1 Assignments Refers to Revenue
  5/2/2012SenateSenate Committee Amendment No. 1 Adopted
  5/2/2012SenateDo Pass as Amended Revenue; 009-000-000
  5/2/2012SenatePlaced on Calendar Order of 2nd Reading May 3, 2012
  5/10/2012SenateSecond Reading
  5/10/2012SenatePlaced on Calendar Order of 3rd Reading May 15, 2012
  5/22/2012SenateThird Reading - Passed; 057-001-000
  5/23/2012HouseArrived in House
  5/23/2012HousePlaced on Calendar Order of Concurrence Senate Amendment(s) 1
  5/23/2012HouseSenate Committee Amendment No. 1 Motion Filed Concur Rep. Brandon W. Phelps
  5/23/2012HouseSenate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee
  5/28/2012HouseSenate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Rules Committee; 004-000-000
  5/28/2012HouseSenate Committee Amendment No. 1 House Concurs 113-000-000
  5/28/2012HousePassed Both Houses
  6/14/2012HouseSent to the Governor
  6/29/2012HouseGovernor Approved
  6/29/2012HouseEffective Date June 29, 2012
  6/29/2012HousePublic Act . . . . . . . . . 97-0716

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