PROP TX-NATURAL DISASTER House SponsorsRep. Michael T. Marron-Avery Bourne, Tony McCombie, Jerry Costello, II, Thomas M. Bennett, Charles Meier, Michael D. Unes and Robert Martwick 1/13/2021HouseSession Sine Die 35 ILCS 200/10-14035 ILCS 200/15-173 Amends the Property Tax Code. In a Section granting a natural disaster homestead exemption, removes language providing that the square footage of the rebuilt residential structure may not be more than 110% of the square footage of the original residential structure as it existed immediately prior to the natural disaster. Removes provisions providing that the taxpayer's initial application for a natural disaster homestead exemption must be made no later than the first taxable year after the residential structure is rebuilt. Provides that, if the square footage of the rebuilt structure exceeds 110% of the square footage of the original residential structure as it existed immediately prior to the natural disaster, then the amount of the natural disaster homestead exemption is the equalized assessed value per square foot of the rebuilt structure multiplied by 110% of the square footage of the original residential structure as it existed immediately prior to the natural disaster minus the base amount. Provides that the amendatory Act is retroactive to the 2012 taxable year. Sets forth provisions concerning the valuation of farm improvements that have been rebuilt following a natural disaster. Effective immediately. 1/16/2019HouseFiled with the Clerk by Rep. Michael T. Marron 1/16/2019HouseChief Co-Sponsor Rep. Avery Bourne 1/18/2019HouseFirst Reading 1/18/2019HouseReferred to Rules Committee 1/29/2019HouseAdded Co-Sponsor Rep. Tony McCombie 2/5/2019HouseAssigned to Revenue & Finance Committee 2/14/2019HouseTo Property Tax Subcommittee 2/27/2019HouseAdded Co-Sponsor Rep. Jerry Costello, II 2/27/2019HouseAdded Co-Sponsor Rep. Thomas M. Bennett 2/27/2019HouseAdded Co-Sponsor Rep. Charles Meier 3/13/2019HouseAdded Co-Sponsor Rep. Michael D. Unes 3/13/2019HouseAdded Co-Sponsor Rep. Robert Martwick 3/29/2019HouseRule 19(a) / Re-referred to Rules Committee 1/13/2021HouseSession Sine Die