92nd General Assembly
Status of SB1129
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 Full Text  Bill Summary

   35 ILCS 200/15-185 new                                                      

        Amends the  Property  Tax  Code.  Creates  the  disabled  persons      
   supplemental homestead exemption. Provides that for taxable years 2001      
   and thereafter, in addition to any other homestead exemption for which      
   property  is eligible, the assessed value of the property eligible for      
   this homestead exemption under this Section shall be  reduced  by  45%      
   after  all  other  exemptions  for which the property is eligible have      
   been subtracted from that value.  To be eligible a person  must (i) be      
   less than 65 years old, (ii) be disabled, and (iii) have  a  household      
   income  of  $30,000  or  less  and  meet  the  other  eligibility  and      
   procedural  requirements  of  the  senior  citizens  assessment freeze      
   homestead exemption besides age and income. Effective immediately.          
   FEB-22-2001  S  FIRST READING                                                  
   FEB-22-2001  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   FEB-28-2001  S       ASSIGNED TO COMMITTEE               REVENUE               
   MAR-07-2001  S  ADDED AS A CHIEF CO-SPONSOR              MOLARO                
   MAR-08-2001  S       TO SUBCOMMITTEE                                           
   MAR-08-2001  S                   COMMITTEE               REVENUE               
   MAR-13-2001  S  ADDED AS A CO-SPONSOR                    HALVORSON             
   MAR-26-2001  S  ADDED AS A CHIEF CO-SPONSOR              SILVERSTEIN           
   MAR-31-2001  S  RE-REFERRED TO RULES COMM/RULE 3-9(A)    RULES                 
   JAN-07-2003  S  SESSION SINE DIE                                               


 Full Text  Bill Summary