PROP TX-EXTEND EXEMPTIONS Senate SponsorsSen. Dan Kotowski 1/12/2011SenateSession Sine Die 35 ILCS 200/15-17635 ILCS 200/15-177Amends the Property Tax Code. Provides that the maximum amount of the alternative general homestead exemption is $30,000 for taxable year 2009 and thereafter. Provides that the alternative general homestead exemption applies on a permanent basis. In a Section concerning the long-time occupant homestead exemption, provides that, for taxable year 2009 and thereafter, the term "adjusted homestead value" means the lesser of: (i) the property's base homestead value increased by 7% for each taxable year after the base year through and including the current tax year for qualified taxpayers with a household income of $100,000 or less or (ii) the property's equalized assessed value for the current tax year minus the general homestead deduction. Effective immediately. 5/26/2010SenateFiled with Secretary by Sen. Dan Kotowski 5/26/2010SenateFirst Reading 5/26/2010SenateReferred to Assignments 1/12/2011SenateSession Sine Die