Illinois General Assembly - Bill Status for SB0068

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Bill Status of SB0068 93rd General Assembly

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Short Description: PROPERTY TAX-HOMESTEAD EXMPTN

Senate Sponsors
Sen. Larry K. Bomke

Last Action

Date	Chamber	Action
1/11/2005	Senate	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 200/15-175

Synopsis As Introduced
Amends the Property Tax Code. Provides that for taxable year 2003 and each taxable year thereafter the maximum reduction in the equalized assessed value of homestead property (the general homestead exemption) shall be $13,500 (now, $4,500) in counties with 3,000,000 or more inhabitants and $10,500 (now $3,500) in all other counties. Effective immediately.

Actions

Date	Chamber	Action
1/22/2003	Senate	Filed with Secretary by Sen. Larry K. Bomke
1/22/2003	Senate	First Reading
1/22/2003	Senate	Referred to Rules
1/11/2005	Senate	Session Sine Die

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