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Home > Illinois > HB0905
Chief Sponsor:

Sidney H. Mathias

Tagged in: Counties, Exemptions, Tax

Latest Update: Tuesday, December, 02nd 2008

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PROP TX-HOMESTEAD EXEMPTIONS

Amends the Property Tax Code. Provides that the maximum reduction under the Senior Citizen Homestead Exemption shall be $4,000 for 2008, $4,500 for 2009, and $5,000 for 2010 and thereafter in all counties. Provides that the maximum reduction under the General Homestead Exemption shall be $5,500 for 2007, $6,000 for 2008, $6,500 for 2009, and $7,000 for 2010 and thereafter in all counties. Effective immediately.
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Latest Actions
  • 03/23/2007 - Rule 19(a) / Re-referred to Rules Committee
  • 03/22/2007 - Added Chief Co-Sponsor Rep. Thomas Holbrook
  • 02/15/2007 - Assigned to Revenue Committee
  • 02/08/2007 - Added Chief Co-Sponsor Rep. Paul D. Froehlich
  • 02/07/2007 - Filed with the Clerk by Rep. Sidney H. Mathias

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Bill Text
File name Last Updated
HB0905 Bill Text Introduced PDF07/03/2007