PROP TX- FIRST-TIME HOMEBUYER House SponsorsRep. David A. Welter 1/13/2021HouseSession Sine Die 35 ILCS 200/15-179 new30 ILCS 805/8.43 new Amends the Property Tax Code. Creates a first-time homebuyer homestead exemption. Provides that residential property valued at $75,000 or more that is owned and occupied by a first-time homebuyer is entitled to a reduction in the equalized assessed value of the property in the amount of $7,500. Amends the State Mandates Act to require implementation without reimbursement. 2/15/2019HouseFiled with the Clerk by Rep. David A. Welter 2/15/2019HouseFirst Reading 2/15/2019HouseReferred to Rules Committee 3/5/2019HouseAssigned to Revenue & Finance Committee 3/14/2019HouseTo Property Tax Subcommittee 3/29/2019HouseRule 19(a) / Re-referred to Rules Committee 1/13/2021HouseSession Sine Die