HB 4290

  • Illinois House Bill
  • 99th Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Prop Tx-Senior Occupant

Abstract

Amends the Property Tax Code. Provides that the aggregate rate of tax imposed by all taxing districts on any parcel of residential property that, as of January 1 of the levy year, has been occupied by a qualified taxpayer as his or her principal dwelling place for a period of at least 30 years shall not exceed 5%. Provides that the term "qualified taxpayer" means a person who (i) is 65 years of age or older during the taxable year, (ii) is liable for paying real estate taxes on the property, and (iii) is an owner of record of the property or has a legal or equitable interest therein as evidenced by a written instrument, except for a leasehold interest, other than a leasehold interest of land on which a single family residence is located. Contains provisions concerning applications for the reduction. Effective immediately.

Bill Sponsors (1)

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Jan 10, 2017

House

Session Sine Die

May 04, 2016

House

Added Co-Sponsor Rep. Kathleen Willis

House

Added Co-Sponsor Rep. Deb Conroy

May 03, 2016

House

Added Co-Sponsor Rep. Sam Yingling

House

Added Co-Sponsor Rep. Michelle Mussman

House

Added Co-Sponsor Rep. Brandon W. Phelps

House

Added Co-Sponsor Rep. Martin J. Moylan

House

Added Co-Sponsor Rep. Litesa E. Wallace

Apr 08, 2016

House

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

Feb 24, 2016

House

To Property Tax Subcommittee

Feb 04, 2016

House

Assigned to Revenue & Finance Committee

Sep 18, 2015

House

Referred to Rules Committee

House

First Reading

Sep 09, 2015

House

Filed with the Clerk by Rep. Jack D. Franks

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