Bill Status of SB 1745   102nd General Assembly


Short Description:  PROP TX-MIDDLE CLASS CREDIT

Senate Sponsors
Sen. Don Harmon

Last Action  View All Actions

DateChamber Action
  1/10/2023SenateSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 200/15-178 new

Synopsis As Introduced
Amends the Property Tax Code. Creates a middle class tax credit limited to a reduction in the equalized assessed value of homestead property owned by a middle class homeowner of 5% of the equalized assessed value of the property for the current assessment year. Provides that the maximum exemption is limited to $5,000. Effective immediately.

Actions 
DateChamber Action
  2/26/2021SenateFiled with Secretary by Sen. Rachelle Crowe
  2/26/2021SenateFirst Reading
  2/26/2021SenateReferred to Assignments
  3/9/2021SenateAssigned to Revenue
  3/19/2021SenateTo Credits, Deductions, and Exemptions
  4/16/2021SenateRule 3-9(a) / Re-referred to Assignments
  6/15/2022SenateChief Sponsor Changed to Sen. Don Harmon
  1/10/2023SenateSession Sine Die

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