Illinois General Assembly - Bill Status for HB3899
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 Bill Status of HB3899  93rd General Assembly


House Sponsors
Rep. Calvin L. Giles

Last Action
DateChamber Action
  1/11/2005HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 200/15-180

Synopsis As Introduced
Amends the Property Tax Code. In provisions that authorize a partial exemption from property taxes for homestead properties that have been improved and residential structures on homestead property that have been rebuilt following a catastrophic event, changes the limit to $75,000 per year for that homestead property beginning January 1, 2004 and thereafter (now, $45,000 per year). Provides that the exemption shall continue until the homestead property is sold or otherwise transferred (now, for 4 years from the date the improvement or rebuilding is completed and occupied, or until the next following general assessment of that property, whichever is later). Effective immediately.

DateChamber Action
  11/6/2003HouseFiled with the Clerk by Rep. Calvin L. Giles
  11/6/2003HouseFirst Reading
  11/6/2003HouseReferred to Rules Committee
  1/11/2005HouseSession Sine Die

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