FRANKS-BUGIELSKI. 35 ILCS 200/15-172 30 ILCS 805/8.25 new 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. FEB-16-2001 H FILED WITH CLERK FEB-16-2001 H FIRST READING FEB-16-2001 H REFERRED TO HOUSE RULES COMMITTEE RULES FEB-21-2001 H ASSIGNED TO COMMITTEE REVENUE MAR-16-2001 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL MAY-15-2002 H ADDED AS A JOINT SPONSOR BUGIELSKI JAN-07-2003 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary