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<xml>
<title>Illinois General Assembly - Bill Status for HB 4589         </title>
<shortdesc>PROP TX-SENIOR FREEZE</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Joe Sosnowski</sponsors>
</sponsor>
<lastaction>
<statusdate>12/3/2014</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 200/15-172</reference><aliasreference></aliasreference><SynopsisText>     Amends the Property Tax Code. In a Section concerning the Senior Citizens Assessment Freeze Homestead Exemption, provides that the total property tax liability of any property receiving an exemption under this Section may not exceed the total property tax liability for that property in the immediately preceding taxable year, increased by the lesser of (i) 3% or (ii) one-half of the percentage change in the Consumer Price Index for All Urban Consumers, as issued by the United States Department of Labor, during the immediately preceding taxable year. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/4/2014</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Joe Sosnowski</action>
<statusdate>2/4/2014</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/4/2014</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>3/3/2014</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>3/11/2014</statusdate><chamber>House</chamber><action>To Property Tax Subcommittee</action>
<statusdate>3/28/2014</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>12/3/2014</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

