Illinois General Assembly - Bill Status for HB4291

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Bill Status of HB4291 99th General Assembly

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Short Description: PROP TX-SELLING PRICE EXEMPT

House Sponsors
Rep. Jack D. Franks

Last Action

Date	Chamber	Action
1/10/2017	House	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 200/15-178 new

Synopsis As Introduced
Amends the Property Tax Code. Provides that, if the cumulative amount paid in property taxes by a particular taxpayer for a particular parcel of homestead property equals or exceeds the selling price of that homestead property at the time the property was sold, transferred, or conveyed to the taxpayer, then that property is exempt from taxation until such time as the property is sold, transferred, or conveyed to another taxpayer. Effective immediately.

Actions

Date	Chamber	Action
9/9/2015	House	Filed with the Clerk by Rep. Jack D. Franks
9/18/2015	House	First Reading
9/18/2015	House	Referred to Rules Committee
2/4/2016	House	Assigned to Revenue & Finance Committee
2/24/2016	House	To Property Tax Subcommittee
4/8/2016	House	Rule 19(a) / Re-referred to Rules Committee
1/10/2017	House	Session Sine Die

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