Illinois House of Representatives bill in Session 104.
Status: in_committee. Latest action: March 21, 2025.
PROP TX-FLOOD HAZARD.
Amends the Property Tax Code. Creates a homestead exemption, subject to certain limitations, for property that is located within a special flood hazard area as identified by the Federal Emergency Management Agency. Provides that the amount of the exemption shall be a reduction in the property's equalized assessed value of $5,000. Effective immediately.
| Date | Event | Detail |
|---|---|---|
| 2025-01-28 | Introduced | Bill introduced |
| 2025-03-21 | Status | in_committee |
| 2025-03-21 | Latest Action | 3/21/2025 - House: |