96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
HB3678

 

Introduced 2/24/2009, by Rep. Emily McAsey

 

SYNOPSIS AS INTRODUCED:
 
35 ILCS 200/15-7 new

    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.


LRB096 09859 JDS 20022 b

FISCAL NOTE ACT MAY APPLY
HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB3678 LRB096 09859 JDS 20022 b

1     AN ACT concerning revenue.
 
2     Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
 
4     Section 5. The Property Tax Code is amended by adding
5 Section 15-7 as follows:
 
6     (35 ILCS 200/15-7 new)
7     Sec. 15-7. Income limits; Social Security. Beginning with
8 the 2009 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.
 
13     Section 99. Effective date. This Act takes effect upon
14 becoming law.