| Date | Chamber | Action |
| 1/11/2005 | Senate | Session Sine Die |
| 35 ILCS 200/14-20 |
| 35 ILCS 200/15-172 |
| 30 ILCS 805/8.27 new |
| Fiscal Note (Department of Revenue) | |
| The fiscal impact will be shouldered by local government taxing districts due to an increase in those who will qualify for the assessment freeze, thereby reducing the adjusted equalized assessed value of property. The first year, local taxing districts will realize a $19 million decrease in property tax revenues statewide, which will continue to increase as property values increase from year to year. |
| Housing Affordability Impact Note (Housing Development Authority) | |
| Due to the increase in people who will qualify for the assessment freeze, which will reduce the adjusted equalized assessed value of the property. The local taxing districts will realize a $19 million decrease in property tax revenues statewide. This could lead to an increase in property taxes for those who do not qualify for the assessment freeze. |
| Fiscal Note (Commerce Commission) | |
| No fiscal impact. |
| Fiscal Note (S-AM1) (Dept of Commerce and Community Affairs) | |
| No fiscal impact on DCCA. Local taxing districts will incur a fiscal impact due to an increase in those who will qualify for the assessment freeze, thereby reducing the adjusted equalized assessed value of property. During the first year, the local taxing districts will have a $19 million decrease in property tax revenues statewide. |
| State Mandates Fiscal Note (Illinois Community College System) | |
| Under the State Mandates Act, a "State Mandate" means any State-initiated statutory or executive action that requires a unit of local government to establish, expand, or modify its activities in such a way as to necessitate additional expenditures from local revenues. Each community college is considered a unit of local government. This bill will increase the number of property owners that will be allowed the Homestead exemption. Community colleges receive a substantial amount of their operating revenues through local property taxes. An estimate of the decrease in revenues based on property taxes and EAV's is not available at this time. There is no cost to the ICCB. |
| Date | Chamber | Action | 2/18/2003 | Senate | Filed with Secretary by Sen. Susan Garrett | 2/18/2003 | Senate | First Reading | 2/18/2003 | Senate | Referred to Rules | 2/26/2003 | Senate | Assigned to Revenue | 3/4/2003 | Senate | Added as Chief Co-Sponsor Sen. William E. Peterson | 3/5/2003 | Senate | Senate Committee Amendment No. 1 Filed with Secretary by Sen. Susan Garrett | 3/5/2003 | Senate | Senate Committee Amendment No. 1 Referred to Rules | 3/5/2003 | Senate | Senate Committee Amendment No. 1 Rules Refers to Revenue | 3/5/2003 | Senate | Added as Co-Sponsor Sen. Christine Radogno | 3/5/2003 | Senate | Senate Committee Amendment No. 1 Adopted | 3/6/2003 | Senate | Do Pass as Amended Revenue; 008-000-000 | 3/6/2003 | Senate | Placed on Calendar Order of 2nd Reading March 11, 2003 | 3/6/2003 | Senate | Fiscal Note Requested by Sen. Chris Lauzen | 3/6/2003 | Senate | Housing Affordability Impact Note Requested by Sen. Chris Lauzen | 3/13/2003 | Senate | Fiscal Note Filed | 3/19/2003 | Senate | Housing Affordability Impact Note Filed | 3/21/2003 | Senate | Second Reading | 3/21/2003 | Senate | Placed on Calendar Order of 3rd Reading March 24, 2003 | 3/25/2003 | Senate | Fiscal Note Filed Illinois Commerce Commission | 3/25/2003 | Senate | Fiscal Note Filed Illinois Department of Commerce and Community Affairs | 3/25/2003 | Senate | Added as Chief Co-Sponsor Sen. James T. Meeks | 3/25/2003 | Senate | Added as Chief Co-Sponsor Sen. M. Maggie Crotty | 3/25/2003 | Senate | Added as Chief Co-Sponsor Sen. Barack Obama | 3/25/2003 | Senate | Third Reading - Passed; 056-000-000 | 3/26/2003 | House | Arrived in House | 3/26/2003 | House | Placed on Calendar Order of First Reading | 3/26/2003 | House | Chief House Sponsor Rep. Kathleen A. Ryg | 3/26/2003 | House | First Reading | 3/26/2003 | House | Referred to Rules Committee | 3/31/2003 | House | Assigned to Revenue Committee | 4/1/2003 | Senate | State Mandates Fiscal Note Filed as Amended with Senate Committee Amendment No. 1 from the Illinois Community College System | 4/4/2003 | House | Added Alternate Chief Co-Sponsor Rep. Ed Sullivan, Jr. | 4/4/2003 | House | Added Alternate Chief Co-Sponsor Rep. JoAnn D. Osmond | 4/4/2003 | House | Added Alternate Chief Co-Sponsor Rep. Kevin A. McCarthy | 4/8/2003 | House | Added Alternate Chief Co-Sponsor Rep. Constance A. Howard | 4/8/2003 | House | Added Alternate Co-Sponsor Rep. Patricia Bailey | 4/8/2003 | House | Added Alternate Co-Sponsor Rep. Sara Feigenholtz | 4/8/2003 | House | Added Alternate Co-Sponsor Rep. Monique D. Davis | 4/8/2003 | House | Added Alternate Co-Sponsor Rep. George Scully, Jr. | 4/9/2003 | House | Added Alternate Co-Sponsor Rep. Marlow H. Colvin | 4/14/2003 | House | Added Alternate Co-Sponsor Rep. William Delgado | 4/15/2003 | House | Added Alternate Co-Sponsor Rep. David E. Miller | 4/15/2003 | House | Added Alternate Co-Sponsor Rep. Patrick Verschoore | 4/16/2003 | House | Added Alternate Co-Sponsor Rep. Mary K. O'Brien | 4/30/2003 | House | Added Alternate Co-Sponsor Rep. Jack McGuire | 5/2/2003 | House | Rule 19(a) / Re-referred to Rules Committee | 5/7/2003 | House | Added Alternate Co-Sponsor Rep. Deborah L. Graham | 5/13/2003 | House | Added Alternate Co-Sponsor Rep. Charles E. Jefferson | 5/13/2003 | House | Added Alternate Co-Sponsor Rep. Robert Rita | 5/14/2003 | House | Added Alternate Co-Sponsor Rep. Robin Kelly | 1/11/2005 | Senate | Session Sine Die |