KOSEL. 35 ILCS 200/15-175 30 ILCS 805/8.23 new Amends the Property Tax Code. Provides that beginning in taxable year 1999, a first-time home buyer of qualifying homestead property receives an additional homestead exemption of $1,000 if (i) the homebuyer's adjusted gross income as reported for federal income tax purposes is less than $100,000 and (ii) the homestead property's equalized assessed value is less than $200,000. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. 99-02-22 H FIRST READING 99-02-22 H REFERRED TO HOUSE RULES COMMITTEE RULES 99-02-24 H ASSIGNED TO COMMITTEE REVENUE 99-03-05 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL 01-01-09 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary