Illinois House Bill 1377
Session 103rd
Prop Tx-New Residential
Active
Passed Senate on May 24, 2024
Sponsors
2 Sponsors
Norma Hernandez
Kimberly A. Lightford
First Action
Jan 24, 2023
Latest Action
May 24, 2024
Origin Chamber
House
Type
Bill
Bill Number
1377
State
Illinois
Session
103rd
Motion Text
Third Reading
House Roll Call Votes
Yes
Yes
Yes
Yes
Excused
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Excused
Excused
Yes
Yes
Johnson
Yes
Jones
Excused
Yes
Yes
Excused
La Ha
Yes
Excused
Excused
Absent
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Sheehan
Yes
Excused
Yes
Yes
Yes
Yes
Yes
Excused
Excused
Summary
Amends the Property Tax Code. Creates a residential new construction homestead exemption. Provides that the county board of a county with more than 3,000,000 inhabitants, or any other county that elects to be a qualified county, may designate one or more geographic areas within the county as eligible areas. Sets forth certain requirements for an area to be designated as an eligible area. Provides that newly constructed homestead property that is located in an eligible area is entitled to a residential new construction homestead exemption equal to 50% of the assessed value of the property in the current taxable year. Provides that the exemption shall continue for a period of 10 consecutive taxable years or until the property is sold, transferred, or conveyed to a subsequent owner (other than a subsequent owner that meets certain specified conditions), whichever is earlier. Effective immediately.
House Committee Amendment No. 2
Deletes reference to:
35 ILCS 200/9-275
35 ILCS 200/15-179 new
Adds reference to:
35 ILCS 200/15-174.5 new
Replaces everything after the enacting clause. Amends the Property Tax Code. Creates a homestead exemption for eligible property that contains a single family residence that was built no earlier than January 1, 2021 by a municipality and was sold to a private homeowner before January 1, 2035. Provides that the exemption applies for a 10-year period beginning with the tax year following the year in which the property is first sold by the municipality to a private homeowner. Sets forth the amount of the exemption. Effective immediately.
Introduced
Engrossed
Enrolled
House Amendment 001
Sort by most recent
05/24/2024
House
Passed Both Houses
05/24/2024
Senate
Third Reading - Passed; 059-000-000
05/24/2024
Senate
Added as Alternate Co-Sponsor Sen. Lakesia Collins
05/24/2024
Senate
Alternate Chief Sponsor Changed to Sen. Kimberly A. Lightford
05/17/2024
Senate
Rule 2-10 Third Reading/Passage Deadline Established As May 24, 2024
05/14/2024
Senate
Placed on Calendar Order of 3rd Reading
05/14/2024
Senate
Second Reading
05/02/2024
Senate
Placed on Calendar Order of 2nd Reading May 7, 2024
05/01/2024
Senate
Do Pass Revenue; 007-000-000
04/30/2024
Senate
Rule 2-10 Committee Deadline Established As May 10, 2024
04/24/2024
Senate
Assigned to Revenue
04/16/2024
Senate
Referred to Assignments
04/16/2024
Senate
First Reading
04/16/2024
Senate
Chief Senate Sponsor Sen. Don Harmon
04/16/2024
Senate
Placed on Calendar Order of First Reading
04/16/2024
Senate
Arrive in Senate
04/15/2024
House
Third Reading - Short Debate - Passed 106-001-000
04/15/2024
House
Added Co-Sponsor Rep. Elizabeth "Lisa" Hernandez
04/10/2024
House
Placed on Calendar Order of 3rd Reading - Short Debate
04/10/2024
House
Second Reading - Short Debate
04/04/2024
House
Placed on Calendar 2nd Reading - Short Debate
04/04/2024
House
House Committee Amendment No. 1 Tabled
04/04/2024
House
Do Pass as Amended / Short Debate Revenue & Finance Committee; 015-001-001
04/04/2024
House
House Committee Amendment No. 2 Adopted in Revenue & Finance Committee; by Voice Vote
04/04/2024
House
Reported Back To Revenue & Finance Committee;
04/04/2024
House
Recommends Do Pass Subcommittee/ Revenue & Finance Committee; 005-000-000
04/02/2024
House
House Committee Amendment No. 2 Rules Refers to Revenue & Finance Committee
04/02/2024
House
House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
03/27/2024
House
House Committee Amendment No. 2 Referred to Rules Committee
03/27/2024
House
House Committee Amendment No. 2 Filed with Clerk by Rep. Norma Hernandez
03/27/2024
House
House Committee Amendment No. 1 Referred to Rules Committee
03/27/2024
House
House Committee Amendment No. 1 Filed with Clerk by Rep. Norma Hernandez
03/08/2024
House
To Revenue - Property Tax Subcommittee
02/22/2024
House
Added Co-Sponsor Rep. Eva-Dina Delgado
01/31/2024
House
Assigned to Revenue & Finance Committee
03/24/2023
House
Added Co-Sponsor Rep. Maurice A. West, II
03/22/2023
House
Chief Co-Sponsor Changed to Rep. Lilian Jiménez
03/22/2023
House
Chief Co-Sponsor Changed to Rep. Kevin John Olickal
03/22/2023
House
Chief Co-Sponsor Changed to Rep. Edgar Gonzalez, Jr.
03/22/2023
House
Added Chief Co-Sponsor Rep. Edgar Gonzalez, Jr.
03/22/2023
House
Added Chief Co-Sponsor Rep. Lilian Jiménez
03/22/2023
House
Added Chief Co-Sponsor Rep. Kevin John Olickal
03/15/2023
House
Added Chief Co-Sponsor Rep. Emanuel "Chris" Welch
03/14/2023
House
Removed Co-Sponsor Rep. Edgar Gonzalez, Jr.
03/14/2023
House
Added Co-Sponsor Rep. Edgar Gonzalez, Jr.
03/10/2023
House
Rule 19(a) / Re-referred to Rules Committee
03/09/2023
House
To Revenue - Property Tax Subcommittee
03/02/2023
House
Removed Co-Sponsor Rep. Lilian Jiménez
03/02/2023
House
Added Co-Sponsor Rep. Aaron M. Ortiz
03/02/2023
House
Added Co-Sponsor Rep. Hoan Huynh
03/02/2023
House
Added Co-Sponsor Rep. Barbara Hernandez
03/02/2023
House
Added Co-Sponsor Rep. Lilian Jiménez
03/02/2023
House
Added Co-Sponsor Rep. Jonathan Carroll
02/28/2023
House
Assigned to Revenue & Finance Committee
01/31/2023
House
Referred to Rules Committee
01/31/2023
House
First Reading
01/24/2023
House
Filed with the Clerk by Rep. Norma Hernandez
Sources
IL Legislature
Record Created
Jan 25, 2023 7:18:01 PM
Record Updated
Jun 21, 2024 8:30:45 AM