Illinois General Assembly - Bill Status for HB4437

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

Date	Chamber	Action
1/12/2024	House	Filed with the Clerk by Rep. Maurice A. West, II
1/16/2024	House	First Reading
1/16/2024	House	Referred to Rules Committee
2/14/2024	House	Assigned to Revenue & Finance Committee
3/8/2024	House	To Revenue - Property Tax Subcommittee
4/5/2024	House	Rule 19(a) / Re-referred to Rules Committee

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