Illinois SB1977 amends the Property Tax Code to require impact statements for bills proposing new or amended homestead exemptions and adjusts the.
Illinois SB1977 amends the Property Tax Code by requiring any bill proposing new or amended homestead exemptions to include an impact statement prepared by the bill's sponsor. This statement must identify the policy purpose, goal, and demographics of those impacted by the proposal, the effect on taxing districts, and potential funding sources to offset additional burdens.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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