PROP TX- FIRST-TIME HOMEBUYER House SponsorsRep. Sam Yingling 12/3/2014HouseSession Sine Die 35 ILCS 200/15-179 new30 ILCS 805/8.38 new Amends the Property Tax Code. Creates a first-time homebuyer homestead exemption. Provides that property that is owned and occupied by a first-time homebuyer is entitled to a reduction in the equalized assessed value of the property in an amount not to exceed $250,000. Amends the State Mandates Act to require implementation without reimbursement. 2/14/2014HouseFiled with the Clerk by Rep. Sam Yingling 2/14/2014HouseFirst Reading 2/14/2014HouseReferred to Rules Committee 3/6/2014HouseAssigned to Revenue & Finance Committee 3/11/2014HouseTo Property Tax Subcommittee 3/19/2014HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Sam Yingling 3/19/2014HouseHouse Committee Amendment No. 1 Referred to Rules Committee 3/20/2014HouseHouse Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee 3/28/2014HouseRule 19(a) / Re-referred to Rules Committee 3/28/2014HouseHouse Committee Amendment No. 1 Rule 19(a) / Re-referred to Rules Committee 12/3/2014HouseSession Sine Die