Illinois Senate Bill 2315
Session 103rd
Inc Tx-Standard Exemption
Active
Passed House on Nov 9, 2023
Sponsors
2 Sponsors
Celina Villanueva
Stephanie A. Kifowit
First Action
Feb 10, 2023
Latest Action
Mar 14, 2024
Origin Chamber
Senate
Type
Bill
Bill Number
2315
State
Illinois
Session
103rd
Celina Villanueva
grade
Primary
Stephanie A. Kifowit
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Primary
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Motion Text
Third Reading
Senate Roll Call Votes
Yes
Yes
Yes
Yes
Yes
Didn't Vote
Yes
Johnson
Yes
Yes
Yes
Yes
Yes
Yes
Pacione-Zayas
Yes
Didn't Vote
Yes
Yes
Yes
Simmons
Yes
Yes
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Yes
Summary
Amends the Illinois Income Tax Act. Provides that, for taxable years ending before December 31, 2028 (currently, December 31, 2023), when calculating the standard exemption, the basic amount shall be $2,050 plus a specified cost-of-living adjustment. Effective immediately.
House Floor Amendment No. 1
Deletes reference to:
35 ILCS 5/204
from Ch. 120, par. 2-204
Adds reference to:
35 ILCS 200/15-169
35 ILCS 200/15-171 new
35 ILCS 200/11-145
35 ILCS 200/Art. 11 Div. 5 heading new
35 ILCS 200/11-175 new
35 ILCS 200/11-180 new
35 ILCS 200/11-185 new
35 ILCS 200/11-190 new
35 ILCS 200/11-195 new
35 ILCS 200/11-200 new
35 ILCS 200/11-205 new
35 ILCS 200/11-210 new
35 ILCS 200/18-185
70 ILCS 1205/8-3
from Ch. 105, par. 8-3
70 ILCS 1290/0.01
from Ch. 105, par. 325h
70 ILCS 1290/1
from Ch. 105, par. 326
70 ILCS 1290/2
from Ch. 105, par. 327
70 ILCS 1505/19
from Ch. 105, par. 333.19
230 ILCS 5/26
from Ch. 8, par. 37-26
735 ILCS 30/15-5-15
35 ILCS 200/10-40
35 ILCS 200/10-50
35 ILCS 200/2-5
35 ILCS 200/2-10
35 ILCS 200/9-45
35 ILCS 200/11-15
35 ILCS 200/18-185
35 ILCS 200/18-190.3 new
35 ILCS 200/15-174.5 new
Replaces everything after the enacting clause. Amends the Property Tax Code. In a Section granting a homestead exemption to veterans with disabilities, provides that property that is used as a qualified residence by a veteran who was a member of the United States Armed Forces during World War II is exempt from taxation regardless of the veteran's level of disability. Provides that a veteran who qualifies as a result of his or her service in World War II need not reapply for the exemption. Makes changes concerning service-connected disabilities. Makes changes concerning surviving spouses. Creates a homestead exemption for surviving spouses of fallen police officers, fallen firefighters, and fallen rescue workers in an amount equal to 50% of the equalized assessed value of the property. Makes changes concerning the valuation of wastewater facilities. In provisions concerning the Historic Residence Assessment Freeze Law, provides that the fair cash value of the property shall be based on the final determination by the assessment officer, board of review, Property Tax Appeal Board, or court. Provides that, after the expiration of the 8-year valuation period, if the current fair cash value is less than the adjusted base year valuation, then the assessment shall be based on the current fair cash value. Makes changes concerning multi-township assessors. Provides that property that is used for a petroleum refinery may be the subject of a real property tax assessment settlement agreement among the taxpayer and taxing districts in which the property is situated. Amends the Park District Aquarium and Museum Act. Changes the Act's short title to the Park District and Municipal Aquarium and Museum Act. Replaces the Act's existing references to "city" and "cities" with "municipality" and "municipalities". Provides that the board of park commissioners or corporate authorities of a municipality (currently, only boards of park commissioners) may levy a tax if the park district or municipality has control of a public park or parks within the park district or municipality in which an aquarium or museum is maintained. Amends the Property Tax Extension Limitation Law of the Property Tax Code. Provides that extensions for levies made under the Park District and Municipal Aquarium and Museum Act are special purpose extensions and are not included in the park district's or municipality's aggregate extension. Creates an exemption for municipality-built homes. Effective immediately.
Introduced
Engrossed
Sort by most recent
03/14/2024
Senate
Added as Co-Sponsor Sen. Jil Tracy
12/10/2023
Senate
Pursuant to Senate Rule 3-9(b) / Referred to Assignments
11/13/2023
Senate
Added as Co-Sponsor Sen. Mike Porfirio
11/09/2023
Senate
Placed on Calendar Order of Concurrence House Amendment(s) 1 - November 9, 2023
11/09/2023
Senate
Secretary's Desk - Concurrence House Amendment(s) 1
11/09/2023
House
Added Alternate Co-Sponsor Rep. Michael J. Kelly
11/09/2023
House
Added Alternate Co-Sponsor Rep. Fred Crespo
11/09/2023
House
Added Alternate Co-Sponsor Rep. Mary Gill
11/09/2023
House
Added Alternate Chief Co-Sponsor Rep. Harry Benton
11/09/2023
House
Added Alternate Chief Co-Sponsor Rep. La Shawn K. Ford
11/09/2023
House
Third Reading - Short Debate - Passed 103-000-001
11/09/2023
House
3/5 Vote Required
11/09/2023
House
Added Alternate Co-Sponsor Rep. Kevin Schmidt
11/09/2023
House
Placed on Calendar Order of 3rd Reading - Short Debate
11/09/2023
House
House Floor Amendment No. 1 Adopted
11/09/2023
House
Recalled to Second Reading - Short Debate
11/09/2023
House
House Floor Amendment No. 1 Recommends Be Adopted Executive Committee; 012-000-000
11/09/2023
House
House Floor Amendment No. 1 Rules Refers to Executive Committee
11/08/2023
House
House Floor Amendment No. 1 Referred to Rules Committee
11/08/2023
House
House Floor Amendment No. 1 Filed with Clerk by Rep. Stephanie A. Kifowit
11/08/2023
House
Added Alternate Co-Sponsor Rep. Matt Hanson
11/07/2023
House
Placed on Calendar Order of 3rd Reading - Short Debate
11/07/2023
House
Approved for Consideration Rules Committee; 004-000-000
05/31/2023
House
Rule 19(a) / Re-referred to Rules Committee
05/19/2023
House
Third Reading/Final Action Deadline Extended-9(b) May 31, 2023
05/12/2023
House
Third Reading/Final Action Deadline Extended-9(b) May 19, 2023
05/03/2023
House
Placed on Calendar Order of 3rd Reading - Short Debate
05/03/2023
House
Second Reading - Short Debate
04/27/2023
House
Added Alternate Co-Sponsor Rep. Marcus C. Evans, Jr.
04/27/2023
House
Added Alternate Co-Sponsor Rep. Dave Vella
04/26/2023
House
Placed on Calendar 2nd Reading - Short Debate
04/26/2023
House
Do Pass / Short Debate Revenue & Finance Committee; 019-000-000
04/25/2023
House
Added Alternate Co-Sponsor Rep. Robert "Bob" Rita
04/25/2023
House
Added Alternate Co-Sponsor Rep. Katie Stuart
04/25/2023
House
Added Alternate Co-Sponsor Rep. Hoan Huynh
04/25/2023
House
Added Alternate Co-Sponsor Rep. Martin J. Moylan
04/25/2023
House
Added Alternate Co-Sponsor Rep. Abdelnasser Rashid
04/20/2023
House
Alternate Co-Sponsor Removed Rep. Harry Benton
04/20/2023
House
Added Alternate Co-Sponsor Rep. Mary E. Flowers
04/20/2023
House
Added Alternate Chief Co-Sponsor Rep. Sue Scherer
04/20/2023
House
Added Alternate Co-Sponsor Rep. Margaret Croke
04/20/2023
House
Added Alternate Co-Sponsor Rep. Kevin John Olickal
04/20/2023
House
Added Alternate Co-Sponsor Rep. Sharon Chung
04/20/2023
House
Added Alternate Co-Sponsor Rep. Lance Yednock
04/20/2023
House
Added Alternate Co-Sponsor Rep. Gregg Johnson
04/20/2023
House
Added Alternate Co-Sponsor Rep. Lindsey LaPointe
04/20/2023
House
Added Alternate Co-Sponsor Rep. Michael J. Coffey, Jr.
04/20/2023
House
Added Alternate Co-Sponsor Rep. Dennis Tipsword, Jr.
04/20/2023
House
Added Alternate Co-Sponsor Rep. Travis Weaver
04/20/2023
House
Added Alternate Co-Sponsor Rep. Bradley Fritts
04/20/2023
House
Added Alternate Co-Sponsor Rep. Edgar Gonzalez, Jr.
04/20/2023
House
Added Alternate Co-Sponsor Rep. Jaime M. Andrade, Jr.
04/20/2023
House
Added Alternate Co-Sponsor Rep. Harry Benton
04/18/2023
House
Assigned to Revenue & Finance Committee
04/11/2023
House
Referred to Rules Committee
04/11/2023
House
First Reading
03/31/2023
House
Alternate Chief Sponsor Changed to Rep. Stephanie A. Kifowit
03/31/2023
House
Chief House Sponsor Rep. Jenn Ladisch Douglass
03/30/2023
House
Arrived in House
03/29/2023
Senate
Third Reading - Passed; 057-000-000
03/23/2023
Senate
Placed on Calendar Order of 3rd Reading ** March 24, 2023
03/10/2023
Senate
Placed on Calendar Order of 3rd Reading March 21, 2023
03/10/2023
Senate
Second Reading
03/09/2023
Senate
Placed on Calendar Order of 2nd Reading March 10, 2023
03/09/2023
Senate
Do Pass Revenue; 009-000-000
02/28/2023
Senate
Assigned to Revenue
02/10/2023
Senate
Referred to Assignments
02/10/2023
Senate
First Reading
02/10/2023
Senate
Filed with Secretary by Sen. Celina Villanueva
Sources
IL Legislature
Record Created
Feb 11, 2023 9:57:25 AM
Record Updated
Jun 21, 2024 5:12:34 PM