Illinois General Assembly - Bill Status for HB3899

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.

Actions

Date	Chamber	Action
11/6/2003	House	Filed with the Clerk by Rep. Calvin L. Giles
11/6/2003	House	First Reading
11/6/2003	House	Referred to Rules Committee
1/11/2005	House	Session Sine Die

×