Bill Status of SB2845  103rd General Assembly

Short Description:  PROP TX-LONG-TIME OCCUPANT

Senate Sponsors
Sen. Natalie Toro

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

Statutes Amended In Order of Appearance
35 ILCS 200/15-177


Synopsis As Introduced
Amends the Property Tax Code. Provides that, for the purpose of calculating the long-time occupant homestead exemption, the adjusted homestead value shall be calculated by increasing the base homestead value by (i) 5% (currently, 10%) for qualified taxpayers with a household income of more than $75,000 but not exceeding $100,000 or (ii) 3% (currently, 7%) for qualified taxpayers with a household income of $75,000 or less. Effective immediately.

Actions 
DateChamber Action
  1/19/2024SenateFiled with Secretary by Sen. Natalie Toro
  1/19/2024SenateFirst Reading
  1/19/2024SenateReferred to Assignments
  1/31/2024SenateAssigned 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