Illinois General Assembly - Bill Status for SB0095
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 Bill Status of SB0095  95th General Assembly


Senate Sponsors
Sen. Larry K. Bomke

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

Statutes Amended In Order of Appearance
35 ILCS 200/15-173 new
30 ILCS 805/8.31 new

Synopsis As Introduced
Amends the Property Tax Code. Creates a homestead exemption for taxable years 2006, 2007, and 2008, for homestead property that, after the 2005 taxable year, is no longer assessed as farmland. Sets forth the amount of the exemption at 75% of the assessment increase in the 2006 taxable year, 50% of the assessment increase in the 2007 taxable year, and 25% of the increase in the 2008 taxable year. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

DateChamber Action
  1/31/2007SenateFiled with Secretary by Sen. Larry K. Bomke
  1/31/2007SenateFirst Reading
  1/31/2007SenateReferred to Rules
  1/13/2009SenateSession Sine Die

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