Illinois General Assembly - Bill Status for SB0220
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 Bill Status of SB0220  103rd General Assembly


Short Description:  PROP TX-VETERAN-COMMERCIAL

Senate Sponsors
Sen. David Koehler and Craig Wilcox

Last Action
DateChamber Action
  1/31/2023SenateReferred to Assignments

Statutes Amended In Order of Appearance
35 ILCS 200/15-169


Synopsis As Introduced
Amends the Property Tax Code. Provides that the portion of the property that is used by a business that is certified by the United States Small Business Administration as a Service-Disabled Veteran-Owned Small Business (SDVOSB) is not considered to be used for commercial purposes for the purposes of the homestead exemption for veterans with disabilities. Effective immediately.

Actions 
DateChamber Action
  1/31/2023SenateFiled with Secretary by Sen. David Koehler
  1/31/2023SenateFirst Reading
  1/31/2023SenateReferred to Assignments
  3/30/2023SenateAdded as Co-Sponsor Sen. Craig Wilcox

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