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<xml>
<title>Illinois General Assembly - Bill Status for HB 1341   </title>
<shortdesc>PROP TAX-RETIREE EXEMPTION</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Kevin Joyce</sponsors>
</sponsor>
<lastaction>
<statusdate>1/11/2011</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>20 ILCS 620/6</reference><aliasreference>from Ch. 67 1/2, par. 1006</aliasreference><reference>35 ILCS 200/15-10</reference><aliasreference></aliasreference><reference>35 ILCS 200/15-167.5 new</reference><aliasreference></aliasreference><reference>35 ILCS 200/20-178</reference><aliasreference></aliasreference><reference>35 ILCS 200/21-135</reference><aliasreference></aliasreference><reference>55 ILCS 85/6</reference><aliasreference>from Ch. 34, par. 7006</aliasreference><reference>65 ILCS 5/11-74.4-9</reference><aliasreference>from Ch. 24, par. 11-74.4-9</aliasreference><reference>65 ILCS 110/45</reference><aliasreference></aliasreference><reference>30 ILCS 805/8.33 new</reference><aliasreference></aliasreference><SynopsisText>     Amends the Property Tax Code. Awards an assessment freeze homestead exemption to retired police officers and firefighters who meet certain requirements. Provides that the amount of the exemption is the equalized assessed value of the residence in the taxable year for which application is made minus the equalized assessed value of the residence in the taxable year in which the applicant qualified for the exemption plus the first year's equalized assessed value of any added improvements that increased the assessed value of the residence after the base year. Makes corresponding changes to cross-references in the provisions concerning certification, certificate of errors, and delinquency notices. Amends various Acts concerning tax increment financing to deduct the exemption from assessed value calculations for entities that have adopted tax increment allocation financing under these provisions. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/13/2009</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Kevin Joyce</action>
<statusdate>2/18/2009</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/18/2009</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/23/2009</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>3/13/2009</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/11/2011</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

