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HB 5871 Illinois House · 98th Regular Session

PROP TX- FIRST-TIME HOMEBUYER

Summary
Amends the Property Tax Code. Creates a first-time homebuyer homestead exemption. Provides that property that is owned and occupied by a first-time homebuyer is entitled to a reduction in the equalized assessed value of the property in an amount not to exceed $250,000. Amends the State Mandates Act to require implementation without reimbursement.
Bill status failed 1 of 4 stages cleared
Introduction
Feb 2014
Committee Review
Floor Vote
Governor
Introduced Feb 14, 2014 Last action Dec 3, 2014
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
11
Key actions
2
Committee
7
Amendments
1
Mar 28, 2014
Committee
House Committee Amendment No. 1 Rule 19(a) / Re-referred to Rules Committee
lower
Mar 28, 2014
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Mar 20, 2014
Lower · Passed
House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
lower
Mar 19, 2014
Committee
House Committee Amendment No. 1 Referred to Rules Committee
lower
Mar 19, 2014
Introduced
House Committee Amendment No. 1 Filed with Clerk by Rep. Sam Yingling
lower
Mar 11, 2014
Lower · Passed
To Property Tax Subcommittee
lower
Mar 6, 2014
Committee
Assigned to Revenue & Finance Committee
lower
Feb 14, 2014
Committee
Referred to Rules Committee
lower
0 primary · 1 co-sponsor

Sponsors

No sponsor information available.