HB 4589

  • Illinois House Bill
  • 98th Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Prop Tx-Senior Freeze

Abstract

Amends the Property Tax Code. In a Section concerning the Senior Citizens Assessment Freeze Homestead Exemption, provides that the total property tax liability of any property receiving an exemption under this Section may not exceed the total property tax liability for that property in the immediately preceding taxable year, increased by the lesser of (i) 3% or (ii) one-half of the percentage change in the Consumer Price Index for All Urban Consumers, as issued by the United States Department of Labor, during the immediately preceding taxable year. Effective immediately.

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Dec 03, 2014

House

Session Sine Die

Mar 28, 2014

House

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

Mar 11, 2014

House

To Property Tax Subcommittee

Mar 03, 2014

House

Assigned to Revenue & Finance Committee

Feb 04, 2014

House

Filed with the Clerk by Rep. Joe Sosnowski

House

Referred to Rules Committee

House

First Reading

Bill Text

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