Illinois General Assembly - Bill Status for HB5871
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 Bill Status of HB5871  98th General Assembly

Short Description:  PROP TX- FIRST-TIME HOMEBUYER

House Sponsors
Rep. Sam Yingling

Last Action
DateChamber Action
  12/3/2014HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 200/15-179 new
30 ILCS 805/8.38 new


Synopsis As Introduced
Amends the Property Tax Code. Creates a first-time homebuyer homestead exemption. Provides that property that is owned and occupied by a first-time homebuyer is entitled to a reduction in the equalized assessed value of the property in an amount not to exceed $250,000. Amends the State Mandates Act to require implementation without reimbursement.

Actions 
DateChamber Action
  2/14/2014HouseFiled with the Clerk by Rep. Sam Yingling
  2/14/2014HouseFirst Reading
  2/14/2014HouseReferred to Rules Committee
  3/6/2014HouseAssigned to Revenue & Finance Committee
  3/11/2014HouseTo Property Tax Subcommittee
  3/19/2014HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Sam Yingling
  3/19/2014HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  3/20/2014HouseHouse Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
  3/28/2014HouseRule 19(a) / Re-referred to Rules Committee
  3/28/2014HouseHouse Committee Amendment No. 1 Rule 19(a) / Re-referred to Rules Committee
  12/3/2014HouseSession Sine Die

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