HB 4142 Illinois House · 95th Regular Session

PROP TX-VARIOUS

Summary
Amends the Property Tax Code. Sets forth procedures for the valuation of property used for wind energy devices. Creates a homestead exemption for disabled veterans. Creates a one-year homestead exemption for veterans returning from active duty in an armed conflict. Creates a homestead exemption for disabled persons. Increases the amount of the Senior Homestead Exemption and of the General Homestead Exemption. In the Senior Citizens Assessment Freeze Homestead Exemption: authorizes audits; provides that the amount of the exemption is the equalized assessed value of the residence in the taxable year for which application is made minus the base amount; and increases the amount of the maximum income limitation. Authorizes counties and municipalities to abate taxes on residential property that is owned by the surviving spouse of a fallen police officer or rescue worker. Requires that tax bills must include information that certain taxpayers may be eligible for tax exemptions, abatements, and other assistance programs. Sets forth criteria for the an interest penalty for the delinquent payment of taxes with respect to property that qualifies as a brownfield site. Creates the Property Tax Reform and Relief Task Force to conduct a study of the property tax system in Illinois and investigate methods of reducing the reliance on property taxes and alternative methods of funding. Amends the Senior Citizens and Disabled Persons Property Tax Relief and Pharmaceutical Assistance Act to increase the amounts of certain maximum income limitations. Amends other Acts to make conforming changes. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.
Bill status failed 1 of 4 stages cleared
Introduction
Sep 2007
Committee Review
Floor Vote
Governor
Introduced Sep 24, 2007 Last action Jan 13, 2009
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Full legislative history

Actions timeline

Total actions
4
Key actions
0
Committee
1
Jan 13, 2009
House · Failed
Session Sine Die
Sep 26, 2007
House · Referred to committee
Referred to Rules Committee
0 primary · 1 co-sponsor

Sponsors

Role
Legislator
Party
State
District
Co
Photo of Brent Hassert
Brent Hassert
RRepublican
IL
85