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IL HB0681

Bill

Official Source

Status

Failed

1/8/2019

Primary Sponsor

David Olsen

Click for details

Origin

House of Representatives

100th General Assembly

AI Summary

  • Amends the Property Tax Code Section 15-172 regarding the Senior Citizens Assessment Freeze Homestead Exemption.

  • Beginning in taxable year 2017, allows taxpayers to reduce their household income calculation by the amount of Medicare premiums they paid during the calendar year.

  • Medicare premium deductions apply when determining eligibility and exemption amounts under the senior citizens homestead exemption program.

  • Takes effect immediately upon becoming law.

Legislative Description

PROP TAX-SR FREEZE-MEDICARE

Last Action

Session Sine Die

1/8/2019

Committee Referrals

Rules4/13/2018
Revenue & Finance1/24/2018
Rules3/31/2017
Property Tax2/24/2017
Revenue & Finance2/8/2017
Rules1/25/2017

Full Bill Text

No bill text available