PROP TX-FIRST-TIME HOMEBUYER House SponsorsRep. David A. Welter-Grant Wehrli-Amy Grant, Lindsay Parkhurst, Tom Weber and Darren Bailey 1/13/2021HouseSession Sine Die 35 ILCS 200/15-179 new30 ILCS 805/8.44 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. Effective immediately. 2/14/2020HouseFiled with the Clerk by Rep. David A. Welter 2/14/2020HouseChief Co-Sponsor Rep. Grant Wehrli 2/14/2020HouseChief Co-Sponsor Rep. Amy Grant 2/14/2020HouseCo-Sponsor Rep. Lindsay Parkhurst 2/14/2020HouseCo-Sponsor Rep. Tom Weber 2/14/2020HouseCo-Sponsor Rep. Darren Bailey 2/18/2020HouseFirst Reading 2/18/2020HouseReferred to Rules Committee 3/12/2020HouseAssigned to Revenue & Finance Committee 6/23/2020HouseRule 19(b) / Re-referred to Rules Committee 1/13/2021HouseSession Sine Die