summary
Introduced
02/26/2021
02/26/2021
In Committee
04/16/2021
04/16/2021
Crossed Over
Passed
Dead
04/08/2022
04/08/2022
Introduced Session
102nd General Assembly
Bill Summary
Amends the Property Tax Code. Provides that, if an applicant who qualifies for the senior citizens assessment freeze homestead exemption moves to a different residence in the State and continues to qualify for the exemption, then the new residence shall qualify for the exemption beginning with the taxable year in which the qualified applicant takes ownership of the new residence. Provides that the base year shall be the year prior to the year in which the qualified applicant takes ownership of the new residence. Effective immediately.
AI Summary
This bill amends the Property Tax Code to provide that, if a senior citizen who qualifies for the senior citizens assessment freeze homestead exemption moves to a different residence in the state and continues to qualify for the exemption, the new residence shall qualify for the exemption beginning with the taxable year in which the qualified applicant takes ownership of the new residence. The bill also provides that the base year for the exemption shall be the year prior to the year in which the qualified applicant takes ownership of the new residence. The bill takes effect immediately.
Committee Categories
Budget and Finance
Sponsors (8)
Don Harmon (D)*,
Terri Bryant (R),
Dale Fowler (R),
Jason Plummer (R),
Brian Stewart (R),
Dave Syverson (R),
Jil Tracy (R),
Craig Wilcox (R),
Last Action
Chief Sponsor Changed to Sen. Don Harmon (on 12/31/2022)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1744&GAID=16&DocTypeID=SB&SessionID=110&GA=102 |
| BillText | http://www.ilga.gov/legislation/102/SB/10200SB1744.htm |
| Bill | http://www.ilga.gov/legislation/102/SB/PDF/10200SB1744.pdf |
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