Illinois General Assembly - Bill Status for SB2731
Illinois General Assembly

Previous General Assemblies

 Bill Status of SB2731  95th General Assembly


Senate Sponsors
Sen. Gary G. Dahl

Last Action
DateChamber Action
  1/13/2009SenateSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 200/15-163 new

Synopsis As Introduced
Amends the Property Tax Code. Creates a homestead exemption for homestead property that is the subject of a charitable transfer from Habitat for Humanity to a partner family. Provides that the amount of the exemption is the equalized assessed value of the property less 33 1/3% of the actual costs incurred for the construction of the residence, and for each taxable year thereafter, the amount of the exemption is the amount of the exemption for the previous taxable year less 30% of that previous exemption. Effective immediately.

DateChamber Action
  2/15/2008SenateFiled with Secretary by Sen. Gary G. Dahl
  2/15/2008SenateFirst Reading
  2/15/2008SenateReferred to Rules
  1/13/2009SenateSession Sine Die

Back To Top