Synopsis As Introduced Amends the Property Tax Code. Includes disabled persons within the provisions awarding an assessment freeze homestead exemption to senior citizens. Changes the name to the Senior Citizens and Disabled Persons Assessment Freeze Homestead Exemption (now Senior Citizens Assessment Freeze Homestead Exemption). Makes corresponding changes to a cross-reference to the exemption. Amends the freeze provision and the State Mandates Act to require implementation without reimbursement from the State. Effective immediately.
State Mandates Fiscal Note (Illinois Community College Board)
In the opinion of the Illinois Community College Board, HB 151 may create a fiscal impact on the community colleges of Illinois. Community college districts in Illinois rely on property taxes for a large portion of their funding. That funding stream could be affected by the proposed legislation, which may reduce the amount of taxes collected for community college district funding; but to what extent is not known at this time.