Bill Status of HB 1508   93rd General Assembly

Short Description:  PROPERTY TAX-SENIOR EXEMPTION

House Sponsors
Rep. Jack D. Franks-Kevin Joyce-Brandon W. Phelps-Mike Boland-Gary Forby

Last Action  View All Actions

DateChamber Action
  1/11/2005HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 200/15-172
30 ILCS 805/8.27 new

Synopsis As Introduced
Amends the Property Tax Code. Provides that for purposes of the senior citizens assessment freeze homestead exemption eligibility threshold, "income" is defined to mean adjusted gross income, properly reportable for federal income tax purposes (now, federal adjusted gross income plus various additions for payments made or moneys received during the taxable year, including interest or dividend income, state income tax payments, annuity income, social security payments, railroad retirement payments, public assistance payments, and a deduction carried over from a prior year for a net operating or capital loss). Amends the State Mandates Act. Provides that no reimbursable State mandate is created by this amendatory Act. Effective immediately.

 Fiscal Note (Department of Revenue)
 HB 1508 does not affect the Department of Revenue or the State of Illinois. Any additional cost will be to local governments.

Actions 
DateChamber Action
  2/6/2003HouseFiled with the Clerk by Rep. Jack D. Franks
  2/6/2003HouseFirst Reading
  2/6/2003HouseReferred to Rules Committee
  2/11/2003HouseAssigned to Revenue Committee
  3/5/2003HouseFiscal Note Filed
  3/13/2003HouseRule 19(a) / Re-referred to Rules Committee
  3/20/2003HouseAdded Chief Co-Sponsor Rep. Kevin Joyce
  3/20/2003HouseAdded Chief Co-Sponsor Rep. Brandon W. Phelps
  3/20/2003HouseAdded Chief Co-Sponsor Rep. Mike Boland
  3/28/2003HouseAdded Chief Co-Sponsor Rep. Gary Forby
  1/11/2005HouseSession Sine Die

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