Illinois General Assembly - Bill Status for HB5566
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 Bill Status of HB5566  100th General Assembly


House Sponsors
Rep. Rita Mayfield

Last Action
DateChamber Action
  1/8/2019HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 200/15-166 new
35 ILCS 200/15-167
35 ILCS 200/15-169

Synopsis As Introduced
Amends the Property Tax Code. Creates a veterans' standard homestead exemption. Provides that the exemption applies only for the first taxable year after the veteran acquires an ownership interest in the property. Provides that the amount of the exemption is a reduction from the property's equalized assessed value in the amount of: (1) $5,000 if the property has an equalized assessed value of $250,000 or less; or (2) $10,000 if the property has an equalized assessed value of more than $250,000. Effective immediately.

DateChamber Action
  2/16/2018HouseFiled with the Clerk by Rep. Rita Mayfield
  2/16/2018HouseFirst Reading
  2/16/2018HouseReferred to Rules Committee
  3/7/2018HouseAssigned to Revenue & Finance Committee
  4/12/2018HouseTo Property Tax Subcommittee
  4/13/2018HouseRule 19(a) / Re-referred to Rules Committee
  1/8/2019HouseSession Sine Die

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