PROP TAX-SENIOR EXEMPTION

Amends the Senior Citizens Homestead Exemption provisions in the Property Tax Code. Provides that the maximum amount to be reduced from the assessed value of the property is $2,500 in all counties (now, $2,500 in counties with 3,000,000 or more inhabitants and $2,000 in all other counties). Amends the State Mandates Act to restate that the Senior Citizens Homestead Exemption is exempt from the requirements of the State Mandates Act and further amends the Property Tax Code to state that the Senior Citizens Homestead Exemption is exempt from the requirements of the State Mandates Act. Effective immediately.