PROPERTY TAX-HOMESTEAD EXMPTN Senate SponsorsSen. Larry K. Bomke 1/11/2005SenateSession Sine Die 35 ILCS 200/15-175Amends the Property Tax Code. Provides that for taxable year 2003 and each taxable year thereafter the maximum reduction in the equalized assessed value of homestead property (the general homestead exemption) shall be $13,500 (now, $4,500) in counties with 3,000,000 or more inhabitants and $10,500 (now $3,500) in all other counties. Effective immediately. 1/22/2003SenateFiled with Secretary by Sen. Larry K. Bomke 1/22/2003SenateFirst Reading 1/22/2003SenateReferred to Rules 1/11/2005SenateSession Sine Die