HB 1439 Illinois House · 99th Regular Session

SENIOR TAX DEFERRAL-INTEREST

Summary
Amends the Senior Citizens Real Estate Tax Deferral Act. Provides that the rate of interest for taxes deferred on or after the effective date is equal to the most recent yield on a 30-year treasury bond as of the date the taxes were deferred, but not to exceed 6% per year (currently, the rate is 6% per year). Effective immediately.
Bill status failed 1 of 4 stages cleared
Introduction
Feb 2015
Committee Review
Floor Vote
Governor
Introduced Feb 5, 2015 Last action Jan 10, 2017
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
11
Key actions
0
Committee
4
Jan 10, 2017
House · Failed
Session Sine Die
Mar 27, 2015
House · Referred to committee
Rule 19(a) / Re-referred to Rules Committee
Feb 26, 2015
House · Reported by committee
To Property Tax Subcommittee
Feb 24, 2015
House · Referred to committee
Assigned to Revenue & Finance Committee
Feb 6, 2015
House · Referred to committee
Referred to Rules Committee
0 primary · 1 co-sponsor

Sponsors

Role
Legislator
Party
State
District
Co
Photo of Jack D. Franks
Jack D. Franks
DDemocratic
IL
63