SB 2315

  • Illinois Senate Bill
  • 103rd Regular Session
  • Introduced in Senate Mar 30, 2023
  • Passed Senate Mar 29, 2023
  • Passed House Nov 09, 2023
  • Governor

Inc Tx-Standard Exemption

Abstract

Amends the Illinois Income Tax Act. Provides that, for taxable years ending before December 31, 2028 (currently, December 31, 2023), when calculating the standard exemption, the basic amount shall be $2,050 plus a specified cost-of-living adjustment. Effective immediately. House Floor Amendment No. 1 Deletes reference to: 35 ILCS 5/204 from Ch. 120, par. 2-204 Adds reference to: 35 ILCS 200/15-169 35 ILCS 200/15-171 new 35 ILCS 200/11-145 35 ILCS 200/Art. 11 Div. 5 heading new 35 ILCS 200/11-175 new 35 ILCS 200/11-180 new 35 ILCS 200/11-185 new 35 ILCS 200/11-190 new 35 ILCS 200/11-195 new 35 ILCS 200/11-200 new 35 ILCS 200/11-205 new 35 ILCS 200/11-210 new 35 ILCS 200/18-185 70 ILCS 1205/8-3 from Ch. 105, par. 8-3 70 ILCS 1290/0.01 from Ch. 105, par. 325h 70 ILCS 1290/1 from Ch. 105, par. 326 70 ILCS 1290/2 from Ch. 105, par. 327 70 ILCS 1505/19 from Ch. 105, par. 333.19 230 ILCS 5/26 from Ch. 8, par. 37-26 735 ILCS 30/15-5-15 35 ILCS 200/10-40 35 ILCS 200/10-50 35 ILCS 200/2-5 35 ILCS 200/2-10 35 ILCS 200/9-45 35 ILCS 200/11-15 35 ILCS 200/18-185 35 ILCS 200/18-190.3 new 35 ILCS 200/15-174.5 new Replaces everything after the enacting clause. Amends the Property Tax Code. In a Section granting a homestead exemption to veterans with disabilities, provides that property that is used as a qualified residence by a veteran who was a member of the United States Armed Forces during World War II is exempt from taxation regardless of the veteran's level of disability. Provides that a veteran who qualifies as a result of his or her service in World War II need not reapply for the exemption. Makes changes concerning service-connected disabilities. Makes changes concerning surviving spouses. Creates a homestead exemption for surviving spouses of fallen police officers, fallen firefighters, and fallen rescue workers in an amount equal to 50% of the equalized assessed value of the property. Makes changes concerning the valuation of wastewater facilities. In provisions concerning the Historic Residence Assessment Freeze Law, provides that the fair cash value of the property shall be based on the final determination by the assessment officer, board of review, Property Tax Appeal Board, or court. Provides that, after the expiration of the 8-year valuation period, if the current fair cash value is less than the adjusted base year valuation, then the assessment shall be based on the current fair cash value. Makes changes concerning multi-township assessors. Provides that property that is used for a petroleum refinery may be the subject of a real property tax assessment settlement agreement among the taxpayer and taxing districts in which the property is situated. Amends the Park District Aquarium and Museum Act. Changes the Act's short title to the Park District and Municipal Aquarium and Museum Act. Replaces the Act's existing references to "city" and "cities" with "municipality" and "municipalities". Provides that the board of park commissioners or corporate authorities of a municipality (currently, only boards of park commissioners) may levy a tax if the park district or municipality has control of a public park or parks within the park district or municipality in which an aquarium or museum is maintained. Amends the Property Tax Extension Limitation Law of the Property Tax Code. Provides that extensions for levies made under the Park District and Municipal Aquarium and Museum Act are special purpose extensions and are not included in the park district's or municipality's aggregate extension. Creates an exemption for municipality-built homes. Effective immediately.

Bill Sponsors (32)

Votes


Actions


Mar 14, 2024

Senate

Added as Co-Sponsor Sen. Jil Tracy

Dec 10, 2023

Senate

Pursuant to Senate Rule 3-9(b) / Referred to Assignments

Nov 13, 2023

Senate

Added as Co-Sponsor Sen. Mike Porfirio

Nov 09, 2023

House

Added Alternate Co-Sponsor Rep. Michael J. Kelly

House

Added Alternate Co-Sponsor Rep. Fred Crespo

House

Added Alternate Co-Sponsor Rep. Mary Gill

House

Added Alternate Chief Co-Sponsor Rep. Harry Benton

House

Added Alternate Chief Co-Sponsor Rep. La Shawn K. Ford

House

Third Reading - Short Debate - Passed 103-000-001

House

3/5 Vote Required

House

Added Alternate Co-Sponsor Rep. Kevin Schmidt

House

Placed on Calendar Order of 3rd Reading - Short Debate

House

House Floor Amendment No. 1 Adopted

House

Recalled to Second Reading - Short Debate

Senate

Placed on Calendar Order of Concurrence House Amendment(s) 1 - November 9, 2023

Senate

Secretary's Desk - Concurrence House Amendment(s) 1

House

House Floor Amendment No. 1 Recommends Be Adopted Executive Committee; 012-000-000

House

House Floor Amendment No. 1 Rules Refers to Executive Committee

Nov 08, 2023

House

House Floor Amendment No. 1 Referred to Rules Committee

House

House Floor Amendment No. 1 Filed with Clerk by Rep. Stephanie A. Kifowit

House

Added Alternate Co-Sponsor Rep. Matt Hanson

Nov 07, 2023

House

Placed on Calendar Order of 3rd Reading - Short Debate

House

Approved for Consideration Rules Committee; 004-000-000

May 31, 2023

House

Rule 19(a) / Re-referred to Rules Committee

May 19, 2023

House

Third Reading/Final Action Deadline Extended-9(b) May 31, 2023

May 12, 2023

House

Third Reading/Final Action Deadline Extended-9(b) May 19, 2023

May 03, 2023

House

Placed on Calendar Order of 3rd Reading - Short Debate

House

Second Reading - Short Debate

Apr 27, 2023

House

Added Alternate Co-Sponsor Rep. Dave Vella

House

Added Alternate Co-Sponsor Rep. Marcus C. Evans, Jr.

Apr 26, 2023

House

Do Pass / Short Debate Revenue & Finance Committee; 019-000-000

House

Placed on Calendar 2nd Reading - Short Debate

Apr 25, 2023

House

Added Alternate Co-Sponsor Rep. Hoan Huynh

House

Added Alternate Co-Sponsor Rep. Abdelnasser Rashid

House

Added Alternate Co-Sponsor Rep. Martin J. Moylan

House

Added Alternate Co-Sponsor Rep. Katie Stuart

House

Added Alternate Co-Sponsor Rep. Robert "Bob" Rita

Apr 20, 2023

House

Added Alternate Co-Sponsor Rep. Harry Benton

House

Alternate Co-Sponsor Removed Rep. Harry Benton

House

Added Alternate Co-Sponsor Rep. Mary E. Flowers

House

Added Alternate Chief Co-Sponsor Rep. Sue Scherer

House

Added Alternate Co-Sponsor Rep. Margaret Croke

House

Added Alternate Co-Sponsor Rep. Kevin John Olickal

House

Added Alternate Co-Sponsor Rep. Sharon Chung

House

Added Alternate Co-Sponsor Rep. Lance Yednock

House

Added Alternate Co-Sponsor Rep. Gregg Johnson

House

Added Alternate Co-Sponsor Rep. Lindsey LaPointe

House

Added Alternate Co-Sponsor Rep. Michael J. Coffey, Jr.

House

Added Alternate Co-Sponsor Rep. Dennis Tipsword, Jr.

House

Added Alternate Co-Sponsor Rep. Travis Weaver

House

Added Alternate Co-Sponsor Rep. Bradley Fritts

House

Added Alternate Co-Sponsor Rep. Edgar Gonzalez, Jr.

House

Added Alternate Co-Sponsor Rep. Jaime M. Andrade, Jr.

Apr 18, 2023

House

Assigned to Revenue & Finance Committee

Apr 11, 2023

House

Referred to Rules Committee

House

First Reading

Mar 31, 2023

House

Chief House Sponsor Rep. Jenn Ladisch Douglass

House

Alternate Chief Sponsor Changed to Rep. Stephanie A. Kifowit

Mar 30, 2023

House

Arrived in House

Mar 29, 2023

Senate

Third Reading - Passed; 057-000-000

Mar 23, 2023

Senate

Placed on Calendar Order of 3rd Reading ** March 24, 2023

Mar 10, 2023

Senate

Placed on Calendar Order of 3rd Reading March 21, 2023

Senate

Second Reading

Mar 09, 2023

Senate

Do Pass Revenue; 009-000-000

Senate

Placed on Calendar Order of 2nd Reading March 10, 2023

Feb 28, 2023

Senate

Assigned to Revenue

Feb 10, 2023

Senate

First Reading

Senate

Referred to Assignments

Senate

Filed with Secretary by Sen. Celina Villanueva

Bill Text

Bill Text Versions Format
Introduced HTML PDF
Engrossed HTML PDF
House Amendment 001 HTML PDF

Related Documents

Document Format
No related documents.

Sources

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