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IL HB1778
Bill
Status
Failed
1/8/2019
Primary Sponsor
Robert Martwick
Click for details
AI Summary
- Amends the Illinois Property Tax Code to create a new homestead exemption beginning with the 2017 taxable year
- Grants a $1,000 reduction in equalized assessed value for homestead properties on which a stormwater retention basin is constructed during the taxable year
- Defines "stormwater retention basin" as an impoundment created by dam or excavation designed to store water, settle sediment and pollutants from surface runoff until water evaporates or infiltrates
- Takes effect immediately upon becoming law
Legislative Description
PROP TX- RETENTION BASIN
Last Action
Session Sine Die
1/8/2019
Committee Referrals
Rules3/31/2017
Property Tax2/24/2017
Revenue & Finance2/14/2017
Rules2/2/2017
Full Bill Text
No bill text available