Bill Status of HB6182  96th General Assembly

Short Description:  PROP TX-ASSESSMENT AND EXEMPTS

House Sponsors
Rep. Kevin Joyce

Last Action
DateChamber Action
  1/11/2011HouseSession Sine Die

Statutes Amended In Order of Appearance
20 ILCS 620/6from Ch. 67 1/2, par. 1006
35 ILCS 200/9-147 new
35 ILCS 200/15-10
35 ILCS 200/15-170
35 ILCS 200/15-175
35 ILCS 200/15-178 new
35 ILCS 200/18-179 new
35 ILCS 200/18-185
35 ILCS 200/20-178
55 ILCS 85/6from Ch. 34, par. 7006
65 ILCS 5/11-74.4-9from Ch. 24, par. 11-74.4-9
65 ILCS 110/45
105 ILCS 5/18-8.05
30 ILCS 805/8.34 new


Synopsis As Introduced
Amends the Property Tax Code. Provides that, in Cook County, homestead property must be valued at 100% of its fair cash value. Requires the Cook County Clerk to abate the property taxes levied on homestead property in an amount equal to: (1) the amount of the aggregate extension of all taxing districts against the property; less (2) an amount equal to 1% of the equalized assessed value of the property. Sets forth procedures to apply this abatement to the aggregate extensions of each taxing district. Creates the Cook County general homestead exemption to limit the assessment increases of homestead property to the lesser of: (i) 2%; or (ii) the increase in the CPI. Sets forth the taxable years in which this general homestead exemption applies. Amends various Acts to include a cross reference to homestead exemptions granted under Article 15 of the Property Tax Code. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Actions 
DateChamber Action
  2/11/2010HouseFiled with the Clerk by Rep. Kevin Joyce
  2/11/2010HouseFirst Reading
  2/11/2010HouseReferred to Rules Committee
  2/23/2010HouseAssigned to Revenue & Finance Committee
  3/11/2010HouseRecommends Do Pass Subcommittee/ Revenue & Finance Committee; 000-003-000; LOST
  3/11/2010HouseRemains in Revenue & Finance Committee
  3/15/2010HouseRule 19(a) / Re-referred to Rules Committee
  1/11/2011HouseSession Sine Die