FANTIN. (SEVERNS) 35 ILCS 200/15-180 Amends the Property Tax Code. Deletes provision granting the homestead improvement exemption to property following a catastropic event. Provides that the exemption shall be available for the rebuilding of a residential structure destroyed or rendered uninhabitable or otherwise unfit for occupancy or for customary use by accidental means (excluding destruction resulting from the willful misconduct of the owner). Requires that the owner provide proof to the chief county assessment officer that the improvement is eligible for the exemption. Requires that the structure be rebuilt within 2 years after becoming eligible for the exemption. Limits the exemption to $30,000 per year in fair cash value and applies to the increase in value of the rebuilt structure over the value of the structure before it was destroyed or rendered uninhabitable or otherwise unfit for occupancy or for customary use. Effective January 1, 1998. HOUSE AMENDMENT NO. 1. Further excludes from the exemption residential structures destroyed or rendered uninhabitable or otherwise unfit for occupancy resulting from mine subsidence, or if rebuilt as a result of flooding and located within a local jurisdiction not participating in the National Flood Insurance Program. STATE MANDATES FISCAL NOTE, H-AM 1 HB623, with H-am 1, creates a tax exemption mandate which re- quires a 100% reimbursement by the State. FISCAL NOTE, H-AM 1 (Dept. of Revenue) HB 623 has no fiscal impact on this Dept. STATE MANDATES FISCAL NOTE HB623 fails to create a State mandate. HOME RULE NOTE HB623 does not preempt home authority. GOVERNOR'S AMENDATORY VETO MESSAGE Recommends deleting amendatory provisions in bill. Provides that in counties of 3,000,000 or more inhabitants, an application for a homestead improvement exemption for a residential structure that has been rebuilt following a catastrophic event must be submitted to the Chief County Assessment Officer with a valuation complaint and a copy of the building permit to rebuild the structure. Provides that the Chief County Assessment Officer may require additional documentation that must be provided by the applicant. 97-02-10 H FILED WITH CLERK 97-02-10 H FIRST READING 97-02-10 H REFERRED TO HOUSE RULES COMMITTEE RULES 97-02-19 H ASSIGNED TO COMMITTEE REVENUE 97-03-13 H FISCAL NOTE REQUESTED AS AMENDED/MOORE,A 97-03-13 H STATE MANDATES FISCAL NOTE REQUESTED AS AMENDED/MOORE,A 97-03-13 H HOME RULE NOTE REQUESTED AS AMENDED/MOORE,A 97-03-13 H AMENDMENT NO. 01-REVENUE H 97-03-13 H ADOPTED 97-03-13 H DO PASS AMENDED/SHORT DEBATE 011-000-000 HREV 97-03-13 H PLACED CALENDAR 2ND READING-SHORT DEBATE 97-04-07 H STATE MANDATES FISCAL NOTE FILED AS AMENDED 97-04-07 H CALENDAR ORDER 2ND READING-SHORT DEBATE 97-04-08 H FISCAL NOTE FILED AS AMENDED 97-04-08 H CALENDAR ORDER 2ND READING-SHORT DEBATE 97-04-11 H STATE MANDATES FISCAL NOTE FILED 97-04-11 H HOME RULE NOTE FILED 97-04-11 H CALENDAR ORDER 2ND READING-SHORT DEBATE 97-04-12 H SECOND READING-SHORT DEBATE 97-04-12 H HOME RULE NOTE REQUESTED WITHDRAWN/MOORE,A 97-04-12 H PLCD CAL ORDER 3RD READING-SHORT DEBATE 97-04-14 H THIRD READING/SHORT DEBATE/PASSED 116-000-000 97-04-15 S ARRIVE IN SENATE 97-04-15 S CHIEF SPONSOR SEVERNS 97-04-15 S PLACED CALENDAR ORDER OF FIRST READING 97-04-16 S FIRST READING 97-04-16 S REFERRED TO SENATE RULES COMMITTEE RULES 97-04-17 S ASSIGNED TO COMMITTEE REVENUE 97-05-01 S DO PASS 010-000-000 SREV 97-05-01 S PLACED ON CALENDAR ORDER OF 2ND READING 97-05-06 97-05-07 S SECOND READING 97-05-07 S PLACED ON CALENDAR ORDER OF 3RD READING 97-05-08 97-05-08 S THIRD READING - PASSED 055-000-000 97-05-08 H PASSED BOTH HOUSES 97-06-06 H SENT TO THE GOVERNOR 97-08-01 H GOVERNOR AMENDATORY VETO 97-08-01 H PLACED CALENDAR AMENDATORY VETO OCTOBER 28, 1997 97-10-30 H BILL DEAD-AMENDATORY VETO END OF INQUIRY Full Text Bill Summary