Bill Status of HB3460  97th General Assembly


Short Description:  PROP TX-GENERAL HOMESTEAD

House Sponsors
Rep. JoAnn D. Osmond

Last Action
DateChamber Action
  1/8/2013HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 200/15-175
35 ILCS 200/15-176


Synopsis As Introduced
Amends the Property Tax Code. Provides that, when the general homestead exemption applies in counties with less than 3,000,000 inhabitants, the exemption shall automatically apply to the new homeowner if the property is sold. Removes a requirement in a Section concerning the alternative general homestead exemption that the assessor may require the new owner of the property to apply for the exemption in the following year if the property is sold.

House Committee Amendment No. 1
Adds reference to:
765 ILCS 77/23 new

Replaces everything after the enacting clause. Amends the Property Tax Code and the Residential Real Property Disclosure Act. Provides that, before closing on residential real property, the seller must provide to the buyer the form required by the assessor or chief county assessment officer to apply for the general homestead exemption or the alternative general homestead exemption.

Actions 
DateChamber Action
  2/24/2011HouseFiled with the Clerk by Rep. JoAnn D. Osmond
  2/24/2011HouseFirst Reading
  2/24/2011HouseReferred to Rules Committee
  3/1/2011HouseAssigned to Revenue & Finance Committee
  3/2/2011HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. JoAnn D. Osmond
  3/2/2011HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  3/7/2011HouseHouse Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
  3/17/2011HouseHouse Committee Amendment No. 1 Adopted in Revenue & Finance Committee; by Voice Vote
  3/17/2011HouseDo Pass as Amended / Short Debate Revenue & Finance Committee; 009-000-000
  3/17/2011HousePlaced on Calendar 2nd Reading - Short Debate
  4/14/2011HouseSecond Reading - Short Debate
  4/14/2011HouseHeld on Calendar Order of Second Reading - Short Debate
  4/15/2011HouseRule 19(a) / Re-referred to Rules Committee
  1/8/2013HouseSession Sine Die