Illinois General Assembly - Bill Status for SB3150
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 Bill Status of SB3150  103rd General Assembly


Short Description:  PROP TX-FLOOD HAZARD

Senate Sponsors
Sen. Steve Stadelman

Last Action
DateChamber Action
  5/3/2024SenateRule 3-9(a) / Re-referred to Assignments

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
  2/6/2024SenateFiled with Secretary by Sen. Steve Stadelman
  2/6/2024SenateFirst Reading
  2/6/2024SenateReferred to Assignments
  2/14/2024SenateAssigned to Revenue
  3/15/2024SenateRule 2-10 Committee Deadline Established As April 5, 2024
  4/5/2024SenateRule 2-10 Committee Deadline Established As May 3, 2024
  5/3/2024SenateRule 3-9(a) / Re-referred to Assignments

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