Senate Sponsors: O'MALLEY-HAWKINSON. House Sponsors: BURKE-MATHIAS-LANG-WOJCIK-DAVIS,MONIQUE Short description: CIVIL PROCEDURE-TECH Synopsis of Bill as introduced: Amends the Code of Civil Procedure. Makes technical changes in the short title Section. SENATE AMENDMENT NO. 1. Deletes reference to: 735 ILCS 5/1-101 Adds reference to: 735 ILCS 5/12-901 Deletes everything. Amends the Code of Civil Procedure. Increases the allowable amount of an estate of homestead from $7,500 to $30,000. HOUSE AMENDMENT NO. 1. Increases the allowable amount of an estate of homestead to $90,000. Eliminates a provision concerning ownership of homestead property by 2 or more individuals. Adds an immediate effective date to the bill. JUDICIAL NOTE, H-AM 1 (Administrative Office of Ill. Courts) This bill would neither increase nor decrease the number of judges needed in the State. FISCAL NOTE, H-AM 1 (Administrative Office of Illinois Courts) SB 1234 (H-am 1) would have no fiscal impact on the judicial branch. HOUSING AFFORDABILITY NOTE, H-AM 1 (Illinois Housing Development Authority) SB 1234 (H-am 1) would not directly increase or decrease the cost of building, buying, or selling a single family property, but would decrease the cost of owning such a residence. By increasing the exemption allowable amount by $82,500 (from $7,500 to $90,000) and by deleting the current provision limiting the homestead allowable amount when 2 or more property owners are involved, this should have the practical impact of lowering property tax amounts for nearly all residential property owners. However, it is not possible to quantify the exact aggregate impact due to differing tax bases within Illinois' 102 counties. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 1 END OF INQUIRY Full Text Bill Status