2023-2024 Regular Session • Illinois Legislature
HB1377: PROP TX-NEW RESIDENTIAL
Legislative Summary
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.
Bill History
1/24/2023
Filed with the Clerk by Rep. Norma Hernandez
House of Representatives
1/31/2023
First Reading
House of Representatives
1/31/2023
Referred to Rules Committee
House of Representatives
2/28/2023
Assigned to Revenue & Finance Committee
House of Representatives
3/2/2023
Added Co-Sponsor Rep. Jonathan Carroll
House of Representatives
3/2/2023
Added Co-Sponsor Rep. Lilian Jiménez
House of Representatives
3/2/2023
Added Co-Sponsor Rep. Barbara Hernández
House of Representatives
3/2/2023
Added Co-Sponsor Rep. Hoan Huynh
House of Representatives
3/2/2023
Added Co-Sponsor Rep. Aarón M. Ortíz
House of Representatives
3/2/2023
Removed Co-Sponsor Rep. Lilian Jiménez
House of Representatives
3/9/2023
To Revenue - Property Tax Subcommittee
House of Representatives
3/10/2023
Rule 19(a) / Re-referred to Rules Committee
House of Representatives
3/14/2023
Added Co-Sponsor Rep. Edgar González, Jr.
House of Representatives
3/14/2023
Removed Co-Sponsor Rep. Edgar González, Jr.
House of Representatives
3/15/2023
Added Chief Co-Sponsor Rep. Emanuel "Chris" Welch
House of Representatives
3/22/2023
Added Chief Co-Sponsor Rep. Kevin John Olickal
House of Representatives
3/22/2023
Added Chief Co-Sponsor Rep. Lilian Jiménez
House of Representatives
3/22/2023
Added Chief Co-Sponsor Rep. Edgar González, Jr.
House of Representatives
3/22/2023
Chief Co-Sponsor Changed to Rep. Edgar González, Jr.
House of Representatives
3/22/2023
Chief Co-Sponsor Changed to Rep. Kevin John Olickal
House of Representatives
3/22/2023
Chief Co-Sponsor Changed to Rep. Lilian Jiménez
House of Representatives
3/24/2023
Added Co-Sponsor Rep. Maurice A. West, II
House of Representatives
1/31/2024
Assigned to Revenue & Finance Committee
House of Representatives
2/22/2024
Added Co-Sponsor Rep. Eva-Dina Delgado
House of Representatives
3/8/2024
To Revenue - Property Tax Subcommittee
House of Representatives
3/27/2024
House Committee Amendment No. 1 Filed with Clerk by Rep. Norma Hernandez
House of Representatives
3/27/2024
House Committee Amendment No. 1 Referred to Rules Committee
House of Representatives
3/27/2024
House Committee Amendment No. 2 Filed with Clerk by Rep. Norma Hernandez
House of Representatives
3/27/2024
House Committee Amendment No. 2 Referred to Rules Committee
House of Representatives
4/2/2024
House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
House of Representatives
4/2/2024
House Committee Amendment No. 2 Rules Refers to Revenue & Finance Committee
House of Representatives
4/4/2024
Recommends Do Pass Subcommittee/ Revenue & Finance Committee; 005-000-000
House of Representatives
4/4/2024
Reported Back To Revenue & Finance Committee;
House of Representatives
4/4/2024
House Committee Amendment No. 2 Adopted in Revenue & Finance Committee; by Voice Vote
House of Representatives
4/4/2024
Do Pass as Amended / Short Debate Revenue & Finance Committee; 015-001-001
House of Representatives
4/4/2024
House Committee Amendment No. 1 Tabled
House of Representatives
4/4/2024
Placed on Calendar 2nd Reading - Short Debate
House of Representatives
4/10/2024
Second Reading - Short Debate
House of Representatives
4/10/2024
Placed on Calendar Order of 3rd Reading - Short Debate
House of Representatives
4/15/2024
Added Co-Sponsor Rep. Elizabeth "Lisa" Hernandez
House of Representatives
4/15/2024
Third Reading - Short Debate - Passed 106-001-000
House of Representatives
4/16/2024
Arrive in Senate
Senate
4/16/2024
Placed on Calendar Order of First Reading
Senate
4/16/2024
Chief Senate Sponsor Sen. Don Harmon
Senate
4/16/2024
First Reading
Senate
4/16/2024
Referred to Assignments
Senate
4/24/2024
Assigned to Revenue
Senate
4/30/2024
Rule 2-10 Committee Deadline Established As May 10, 2024
Senate
5/1/2024
Do Pass Revenue; 007-000-000
Senate
5/2/2024
Placed on Calendar Order of 2nd Reading May 7, 2024
Senate
5/14/2024
Second Reading
Senate
5/14/2024
Placed on Calendar Order of 3rd Reading
Senate
5/17/2024
Rule 2-10 Third Reading/Passage Deadline Established As May 24, 2024
Senate
5/24/2024
Alternate Chief Sponsor Changed to Sen. Kimberly A. Lightford
Senate
5/24/2024
Added as Alternate Co-Sponsor Sen. Lakesia Collins
Senate
5/24/2024
Third Reading - Passed; 059-000-000
Senate
5/24/2024
Passed Both Houses
House of Representatives
6/21/2024
Sent to the Governor
House of Representatives
8/9/2024
Governor Approved
House of Representatives
8/9/2024
Effective Date August 9, 2024
House of Representatives
8/9/2024
Public Act . . . . . . . . . 103-0793
House of Representatives
Amendments
House Amendment 001
House Amendment 001
3/27/2024Not Adopted
House Amendment 002
House Amendment 002
3/27/2024Not Adopted
Roll Call Votes
Third Reading in Senate
5/24/2024
59
Yea
0
Nay
0
Not Voting
0
Absent
Result: PASSED
Third Reading in House
4/15/2024
106
Yea
1
Nay
0
Not Voting
1
Absent
Result: PASSED
Status Information
Current Status
Passed(8/9/2024)
Chamber
House of Representatives
