Illinois General Assembly - Bill Status for HB1238
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 Bill Status of HB1238  104th General Assembly


Short Description:  PROP TX-FLOOD HAZARD

House Sponsors
Rep. Maurice A. West, II

Hearings
Revenue & Finance Committee Hearing Feb 20 2025 8:00AM Capitol Building 114 and Virtual Room 1 Springfield, IL


Last Action
DateChamber Action
  2/11/2025HouseAssigned to Revenue & Finance Committee

Statutes Amended In Order of Appearance
35 ILCS 200/15-190 new


Synopsis As Introduced
Amends the Property Tax Code. Creates a homestead exemption, subject to certain limitations, for property that is located within a special flood hazard area as identified by the Federal Emergency Management Agency. Provides that the amount of the exemption shall be a reduction in the property's equalized assessed value of $5,000. Effective immediately.

Actions 
DateChamber Action
  1/10/2025HouseFiled with the Clerk by Rep. Maurice A. West, II
  1/28/2025HouseFirst Reading
  1/28/2025HouseReferred to Rules Committee
  2/11/2025HouseAssigned to Revenue & Finance Committee

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