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IL HB2466

Bill

Status

Introduced

2/17/2015

Primary Sponsor

Joe Sosnowski

Click for details

Origin

House of Representatives

99th General Assembly

AI Summary

  • Adds a property tax cap to the Senior Citizens Assessment Freeze Homestead Exemption that limits total property tax liability to the prior year amount increased by the lesser of 3% or one-half the Consumer Price Index change.

  • Applies the new tax liability cap to any property receiving an exemption under Section 15-172 of the Property Tax Code.

  • Takes effect immediately upon becoming law.

Legislative Description

PROP TX-SENIOR FREEZE

Last Action

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

3/27/2015

Committee Referrals

Rules3/27/2015
Property Tax3/6/2015
Revenue & Finance3/2/2015
Rules2/17/2015

Full Bill Text

No bill text available