House Sponsors: CROTTY. Short description: OMNIBUS TAX RELIEF-TECHNICAL Synopsis of Bill as introduced: Creates the Omnibus Tax Relief Act with the short title as the only provision. HOUSE AMENDMENT NO. 1. Deletes reference to: New Act Adds reference to: 35 ILCS 200/18-185 Deletes everything. Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that any increase in assessed value resulting from the loss of the Senior Citizens Homestead Exemption or the Senior Citizens Assessment Freeze Homestead Exemption shall be included in determining "new property". Effective January 1, 2000. FISCAL NOTE, H-AM 1 (Department of Revenue) HB 2029 does not affect State revenues. STATE DEBT NOTE, H-AM 1 (Economic and Fiscal Commission) There would be no direct impact on State indebtedness. BALANCED BUDGET NOTE, H-AM 1 (Bureau of the Budget) Since HB2029 is not a supplemental appropriation bill, the Balanced Budget Note Act is inapplicable. HOUSING AFFORDABILITY NOTE, H-AM 1 (Ill. Housing Development Authority) No fiscal effect on a single-family residence. HOME RULE NOTE, H-AM 1 (Department of Commerce and Community Affairs) HB 2029 (H-am 1) does not pre-empt home rule authority. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 0 END OF INQUIRY Full Text Bill Status