91st General Assembly
Summary of HB0564
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House Sponsors:
REITZ-LANG-BROSNAHAN, JONES,LOU, GILES, MCGUIRE AND FLOWERS.

Short description: 
SENIORS-DISABLED-PROP TX GRANT                                             

Synopsis of Bill as introduced:
        Amends the Senior Citizens  and  Disabled  Persons  Property  Tax      
   Relief  and  Pharmaceutical  Assistance  Act.   Increases  the  income      
   limitation,  beginning  with  the  1999  grant  year,  from $16,000 to      
   $20,000.  Effective immediately.                                            
          HOUSING AFFORDABILITY NOTE (Ill. Housing Development Auth.)          
          Senior citizens with annual incomes between $14,000 and $20,000      
          will benefit from passage of this legislation. The maximum           
          benefit is $70 of property tax relief per household. This will       
          effectively decrease the cost of owning a home by $70 for eli-       
          gible senior citizens. The Dpt. of Revenue estimates that            
          51,155 people will be affected by the income limit increase in       
          this legislation.                                                    
 
Last action on Bill: SESSION SINE DIE

   Last action date: 01-01-09

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 



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