Bill Sponsor
Illinois House Bill 1377
Session 103rd
Prop Tx-New Residential
Became Law
Became Law
Became Law on Aug 9, 2024
Sponsors
Democrat
Norma Hernandez
Democrat
Kimberly A. Lightford
First Action
Jan 24, 2023
Latest Action
Aug 9, 2024
Origin Chamber
House
Type
Bill
Bill Number
1377
State
Illinois
Session
103rd
Sponsorship by Party
Democrat
Primary
Unknown
Aarón M. Ortíz
Cosponsor
Unknown
Barbara Hernández
Cosponsor
Unknown
Edgar González, Jr.
Cosponsor
Democrat
Cosponsor
Democrat
Cosponsor
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.
08/09/2024
House
Public Act . . . . . . . . . 103-0793
08/09/2024
House
Effective Date August 9, 2024
08/09/2024
House
Governor Approved
06/21/2024
House
Sent to the Governor
05/24/2024
House
Passed Both Houses
05/24/2024
House
Third Reading - Passed; 059-000-000
05/24/2024
House
Added as Alternate Co-Sponsor Sen. Lakesia Collins
05/24/2024
House
Alternate Chief Sponsor Changed to Sen. Kimberly A. Lightford
05/17/2024
House
Rule 2-10 Third Reading/Passage Deadline Established As May 24, 2024
05/14/2024
House
Placed on Calendar Order of 3rd Reading
05/14/2024
House
Second Reading
05/02/2024
House
Placed on Calendar Order of 2nd Reading May 7, 2024
05/01/2024
House
Do Pass Revenue; 007-000-000
04/30/2024
House
Rule 2-10 Committee Deadline Established As May 10, 2024
04/24/2024
House
Assigned to Revenue
04/16/2024
House
Referred to Assignments
04/16/2024
House
First Reading
04/16/2024
House
Chief Senate Sponsor Sen. Don Harmon
04/16/2024
House
Placed on Calendar Order of First Reading
04/16/2024
House
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 González, Jr.
03/22/2023
House
Added Chief Co-Sponsor Rep. Edgar González, 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 González, Jr.
03/14/2023
House
Added Co-Sponsor Rep. Edgar González, 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. Aarón M. Ortíz
03/02/2023
House
Added Co-Sponsor Rep. Hoan Huynh
03/02/2023
House
Added Co-Sponsor Rep. Barbara Hernández
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
Record Created
Jan 25, 2023 7:18:01 PM
Record Updated
Dec 29, 2024 8:55:50 PM