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| | 97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB1625 Introduced 2/15/2011, by Rep. Emily McAsey SYNOPSIS AS INTRODUCED:
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| | Amends the Property Tax Code. Provides that if, in order to qualify for a property-tax exemption, the taxpayer must have an income that is at or below a certain amount, then, for the purposes of that exemption, the term "income" does not include any Social Security benefit unless expressly stated otherwise. Effective immediately.
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| | | FISCAL NOTE ACT MAY APPLY | | HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY |
| | A BILL FOR |
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| | HB1625 | | LRB097 09076 HLH 49211 b |
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| 1 | | AN ACT concerning revenue.
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| 2 | | Be it enacted by the People of the State of Illinois,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Property Tax Code is amended by adding |
| 5 | | Section 15-7 as follows:
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| 6 | | (35 ILCS 200/15-7 new) |
| 7 | | Sec. 15-7. Income limits; Social Security. Beginning with |
| 8 | | the 2011 assessment year, if, in order to qualify for an |
| 9 | | exemption under this Article 15, the taxpayer must have an |
| 10 | | income that is at or below a certain amount, then, for the |
| 11 | | purposes of that exemption, the term "income" does not include |
| 12 | | any Social Security benefit unless expressly stated otherwise.
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| 13 | | Section 99. Effective date. This Act takes effect upon |
| 14 | | becoming law.
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