Bill Status of HB 4924   100th General Assembly

Short Description:  PROP TX-HOMESTEAD REPAIR

House Sponsors
Rep. Jerry Lee Long

Last Action  View All Actions

DateChamber Action
  1/8/2019HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 200/15-173
35 ILCS 200/15-173.5 new

Synopsis As Introduced
Amends the Property Tax Code. Creates the Natural Disaster Home Repair Assistance Homestead Exemption. Creates a homestead exemption for homestead property that meets the following criteria: (1) the property sustains damage as a result a natural disaster occurring in assessment year 2017 or any assessment year thereafter; and (2) the homeowner incurs costs to repair that damage during the assessment year for which the exemption is sought. Provides that the exemption is a reduction in the equalized assessed value of the property in an amount equal to the costs incurred by the homeowner, but not to exceed $5,000 per year. Effective immediately.

Actions 
DateChamber Action
  2/14/2018HouseFiled with the Clerk by Rep. Jerry Lee Long
  2/14/2018HouseFirst Reading
  2/14/2018HouseReferred to Rules Committee
  2/27/2018HouseAssigned to Revenue & Finance Committee
  3/8/2018HouseTo Property Tax Subcommittee
  4/2/2018HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Jerry Lee Long
  4/2/2018HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  4/9/2018HouseHouse Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
  4/13/2018HouseRule 19(a) / Re-referred to Rules Committee
  4/13/2018HouseHouse Committee Amendment No. 1 Rule 19(a) / Re-referred to Rules Committee
  1/8/2019HouseSession Sine Die

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