Sen. Mike Simmons

Filed: 3/1/2023





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2    AMENDMENT NO. ______. Amend Senate Bill 1284 by replacing
3everything after the enacting clause with the following:
4    "Section 5. The Property Tax Code is amended by adding
5Section 15-173.1 as follows:
6    (35 ILCS 200/15-173.1 new)
7    Sec. 15-173.1. Homestead exemption for property in a
8county-declared flood damaged area. Beginning with tax year
92024, if a geographic area within a county experiences
10excessive flooding in any tax year, the county board of the
11county may, by ordinance, designate that area as a
12county-declared flood damaged area for that tax year.
13Homestead property that is located within a county-declared
14flood damaged area is entitled to a reduction of $5,000 from
15the property's equalized assessed value for the tax year in
16which the area is designated as a county-declared flood



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1damaged area. As used in this Section, "homestead property"
2has the meaning given to that term in Section 15-175.".