HB3319 Summary

• Amends the Property Tax Code Section 15-170 to change reapplication requirements for senior citizens homestead exemptions in counties with less than 3,000,000 inhabitants.

• Eliminates the discretionary authority of county boards to decide on reapplication requirements and instead makes it mandatory that persons previously granted the exemption need not reapply.

• In counties with 3,000,000 or more inhabitants, taxpayers who have been granted the exemption must continue to reapply on an annual basis beginning in taxable year 2010.

• Maintains existing exemption amounts: $5,000 maximum reduction in all counties for taxable years 2013 and thereafter.

• Takes effect immediately upon becoming law.