Date | Chamber | Action |
5/22/2006 | House | Public Act . . . . . . . . . 94-0794 |
35 ILCS 200/15-170 |
35 ILCS 200/15-172 |
320 ILCS 30/2 | from Ch. 67 1/2, par. 452 |
30 ILCS 805/8.30 new |
Housing Affordability Impact Note (Housing Development Authority) | |
While the increased income limits will help more Illinois seniors decrease the cost of owning a single family residence, there is insufficient information to calculate an exact dollar amount due to varying property tax rates and assessed valuations. |
Fiscal Note (Dept. of Revenue) | |
There are approximately 698,000 properties with Senior Citizen Homestead Exemptions for 2005 taxes, payable in 2006. A $500 increase from $3,000 to $3,500 would reduce the tax base by $349 million statewide. At the statewide average property tax rate of 7.64%, those taxpayers would save $26.7 million. Many counties, particularly those subject to PTELL, would be able to raise tax rates to offset any losses. However, in many counties, the increased exemption would reduce the rate of growth in property taxes. The increase from $45,000 to $50,000 in the income limit for the Senior Citizens Assessment Freeze Homestead Exemption would increase the number of eligible by an estimated 15,000 taxpayers, based on information from income tax returns. The first year impact would be minimal, but the loss would grow over time as an increased number of assessments were frozen. At current levels, the assessment freeze reduces taxes by approximately $600 per taxpayer. The 15,000 additional eligible taxpayers would reduce local property taxes about $9 million statewide. When the income limit for the Senior Citizens Real Estate Tax Deferral Act was increased from $25,000 to $40,000, the number of participants remained flat. Increasing the income limit from $40,000 to $45,000 is not expected to have noticeable effect on local governments. |
Date | Chamber | Action | 1/18/2006 | House | Filed with the Clerk by Rep. Robert F. Flider | 1/18/2006 | House | First Reading | 1/18/2006 | House | Referred to Rules Committee | 1/19/2006 | House | Added Co-Sponsor Rep. Brandon W. Phelps | 1/24/2006 | House | Added Co-Sponsor Rep. Naomi D. Jakobsson | 1/24/2006 | House | Assigned to Revenue Committee | 1/25/2006 | House | Added Chief Co-Sponsor Rep. Brent Hassert | 1/25/2006 | House | Added Co-Sponsor Rep. Robert Rita | 1/25/2006 | House | Added Chief Co-Sponsor Rep. Sidney H. Mathias | 1/26/2006 | House | Added Co-Sponsor Rep. Linda Chapa LaVia | 1/26/2006 | House | Added Co-Sponsor Rep. Jack D. Franks | 1/26/2006 | House | Added Co-Sponsor Rep. Lisa M. Dugan | 1/26/2006 | House | Added Co-Sponsor Rep. Careen M Gordon | 1/26/2006 | House | Added Co-Sponsor Rep. Mike Boland | 1/26/2006 | House | Removed Co-Sponsor Rep. Mike Boland | 1/30/2006 | House | Added Chief Co-Sponsor Rep. Daniel V. Beiser | 1/31/2006 | House | Added Co-Sponsor Rep. Jack McGuire | 2/1/2006 | House | Do Pass / Short Debate Revenue Committee; 012-000-000 | 2/1/2006 | House | Placed on Calendar 2nd Reading - Short Debate | 2/1/2006 | House | Added Chief Co-Sponsor Rep. Mike Boland | 2/1/2006 | House | Added Co-Sponsor Rep. Thomas Holbrook | 2/1/2006 | House | Added Co-Sponsor Rep. Michael K. Smith | 2/1/2006 | House | Added Co-Sponsor Rep. Kevin Joyce | 2/1/2006 | House | Added Co-Sponsor Rep. Eddie Washington | 2/1/2006 | House | Added Co-Sponsor Rep. John D'Amico | 2/3/2006 | House | Housing Affordability Impact Note Filed | 2/7/2006 | House | Second Reading - Short Debate | 2/7/2006 | House | Placed on Calendar Order of 3rd Reading - Short Debate | 2/7/2006 | House | Added Co-Sponsor Rep. Paul D. Froehlich | 2/7/2006 | House | Added Co-Sponsor Rep. Michelle Chavez | 2/7/2006 | House | Added Co-Sponsor Rep. Charles E. Jefferson | 2/8/2006 | House | Added Co-Sponsor Rep. Kathleen A. Ryg | 2/8/2006 | House | Added Co-Sponsor Rep. Gary Hannig | 2/8/2006 | House | Added Co-Sponsor Rep. Annazette Collins | 2/8/2006 | House | Added Co-Sponsor Rep. Karen A. Yarbrough | 2/8/2006 | House | Added Co-Sponsor Rep. Kurt M. Granberg | 2/8/2006 | House | Added Co-Sponsor Rep. Terry R. Parke | 2/8/2006 | House | Added Co-Sponsor Rep. Suzanne Bassi | 2/8/2006 | House | Added Co-Sponsor Rep. Randall M. Hultgren | 2/8/2006 | House | Added Co-Sponsor Rep. Elizabeth Coulson | 2/8/2006 | House | Added Co-Sponsor Rep. Roger L. Eddy | 2/8/2006 | House | Added Co-Sponsor Rep. Ruth Munson | 2/8/2006 | House | Added Co-Sponsor Rep. Aaron Schock | 2/8/2006 | House | Added Co-Sponsor Rep. Ronald A. Wait | 2/8/2006 | House | Added Co-Sponsor Rep. Chapin Rose | 2/8/2006 | House | Added Co-Sponsor Rep. Sandra M. Pihos | 2/8/2006 | House | Added Co-Sponsor Rep. Sara Feigenholtz | 2/8/2006 | House | Third Reading - Short Debate - Passed 116-000-000 | 2/8/2006 | House | Added Co-Sponsor Rep. John E. Bradley | 2/9/2006 | Senate | Arrive in Senate | 2/9/2006 | Senate | Placed on Calendar Order of First Reading February 14, 2006 | 2/9/2006 | House | Added Co-Sponsor Rep. Harry Osterman | 2/9/2006 | House | Added Co-Sponsor Rep. Esther Golar | 2/15/2006 | Senate | Fiscal Note Filed from the Illinois Department of Revenue | 2/16/2006 | House | Added Co-Sponsor Rep. Robert S. Molaro | 2/16/2006 | Senate | Chief Senate Sponsor Sen. Don Harmon | 2/22/2006 | Senate | First Reading | 2/22/2006 | Senate | Referred to Rules | 3/1/2006 | House | Removed Co-Sponsor Rep. Kathleen A. Ryg | 3/15/2006 | Senate | Assigned to Revenue | 3/23/2006 | Senate | Senate Committee Amendment No. 1 Filed with Secretary by Sen. Don Harmon | 3/23/2006 | Senate | Senate Committee Amendment No. 1 Referred to Rules | 3/23/2006 | Senate | Senate Committee Amendment No. 1 Rules Refers to Revenue | 3/24/2006 | Senate | Senate Committee Amendment No. 1 Tabled in Revenue; by Senator Harmon | 3/24/2006 | Senate | Do Pass Revenue; 007-000-000 | 3/24/2006 | Senate | Placed on Calendar Order of 2nd Reading March 27, 2006 | 3/28/2006 | Senate | Senate Floor Amendment No. 2 Filed with Secretary by Sen. Don Harmon | 3/28/2006 | Senate | Senate Floor Amendment No. 2 Referred to Rules | 3/29/2006 | Senate | Senate Floor Amendment No. 2 Rules Refers to Revenue | 3/29/2006 | Senate | Added as Alternate Chief Co-Sponsor Sen. Deanna Demuzio | 3/29/2006 | Senate | Added as Alternate Chief Co-Sponsor Sen. Arthur J. Wilhelmi | 3/29/2006 | Senate | Senate Floor Amendment No. 2 Recommend Do Adopt Revenue; 010-000-000 | 3/29/2006 | Senate | Second Reading | 3/29/2006 | Senate | Senate Floor Amendment No. 2 Adopted; Harmon | 3/29/2006 | Senate | Placed on Calendar Order of 3rd Reading March 30, 2006 | 3/30/2006 | Senate | Added as Alternate Co-Sponsor Sen. Edward D. Maloney | 3/30/2006 | Senate | Added as Alternate Chief Co-Sponsor Sen. Chris Lauzen | 3/30/2006 | Senate | Added as Alternate Co-Sponsor Sen. Jacqueline Y. Collins | 3/30/2006 | Senate | Added as Alternate Co-Sponsor Sen. Jeffrey M. Schoenberg | 3/30/2006 | Senate | Added as Alternate Co-Sponsor Sen. M. Maggie Crotty | 3/30/2006 | Senate | Added as Alternate Co-Sponsor Sen. Debbie DeFrancesco Halvorson | 3/30/2006 | Senate | Added as Alternate Co-Sponsor Sen. Mattie Hunter | 3/30/2006 | Senate | Added as Alternate Co-Sponsor Sen. Susan Garrett | 3/30/2006 | Senate | Added as Alternate Co-Sponsor Sen. Carol Ronen | 3/30/2006 | Senate | Added as Alternate Co-Sponsor Sen. Mike Jacobs | 3/30/2006 | Senate | Added as Alternate Co-Sponsor Sen. Ira I. Silverstein | 3/30/2006 | Senate | Added as Alternate Co-Sponsor Sen. Terry Link | 3/30/2006 | Senate | Third Reading - Passed; 058-000-000 | 3/30/2006 | House | Arrived in House | 3/30/2006 | House | Placed on Calendar Order of Concurrence Senate Amendment(s) 2 | 4/3/2006 | House | Senate Floor Amendment No. 2 Motion Filed Concur Rep. Robert F. Flider | 4/3/2006 | House | Senate Floor Amendment No. 2 Motion to Concur Referred to Rules Committee | 4/4/2006 | House | Senate Floor Amendment No. 2 Motion to Concur Rules Referred to Revenue Committee | 4/4/2006 | House | Senate Floor Amendment No. 2 Motion to Concur Recommends be Adopted Revenue Committee; 012-000-000 | 4/7/2006 | House | Added Co-Sponsor Rep. Kathleen A. Ryg | 4/7/2006 | House | Senate Floor Amendment No. 2 House Concurs 114-000-000 | 4/7/2006 | House | Passed Both Houses | 4/18/2006 | House | Sent to the Governor | 5/22/2006 | House | Governor Approved | 5/22/2006 | House | Effective Date May 22, 2006 | 5/22/2006 | House | Public Act . . . . . . . . . 94-0794 |