House Sponsors: REITZ AND FRANKS. Short description: PROP TX-INCREASE HMSTD EXEMPT Synopsis of Bill as introduced: Amends the Property Tax Code. Provides that the maximum reduction for the general homestead exemption shall be $4,500 in all counties (now $4,500 in counties with 3,000,000 or more inhabitants and $3,500 in all other counties). Effective immediately. Effective immediately. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status