Date	Chamber	Action
1/9/2007	House	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 200/15-170

35 ILCS 200/15-172

35 ILCS 200/15-173 new

30 ILCS 805/8.30 new

Synopsis As Introduced
Amends the Property Tax Code. Creates the Senior Citizens Tax Freeze Homestead Exemption. Provides that, beginning with taxable year 2006, a person who meets requirements similar to the Senior Citizens Assessment Freeze Homestead Exemption provisions, excluding the income restrictions in those provisions, shall receive an exemption from property taxes in an amount equal to the difference between what the property tax bill for the residence would be in the taxable year minus the base amount. "Base amount" is defined as the property tax bill for the first year of eligibility for this exemption or the Senior Citizens Assessment Freeze Homestead Exemption, whichever is earlier, plus any increase in the bill resulting from any added improvements thereafter. Provides that the Senior Citizens Homestead Exemption and the Senior Citizens Assessment Freeze Homestead Exemption do not apply after taxable year 2006. Amends the State Mandates Act to require implementation without reimbursement from the State. Effective immediately.

Actions 

Date	Chamber	Action
1/27/2006	House	Filed with the Clerk by Rep. Suzanne Bassi
1/27/2006	House	First Reading
1/27/2006	House	Referred to Rules Committee
2/8/2006	House	Added Chief Co-Sponsor Rep. Sidney H. Mathias
1/9/2007	House	Session Sine Die

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