HOMESTEAD EXEMPTIONS Senate SponsorsSen. Karina Villa 1/10/2023SenateSession Sine Die 735 ILCS 5/2-1402from Ch. 110, par. 2-1402735 ILCS 5/12-901from Ch. 110, par. 12-901735 ILCS 5/12-904from Ch. 110, par. 12-904735 ILCS 5/12-906from Ch. 110, par. 12-906735 ILCS 5/12-909from Ch. 110, par. 12-909735 ILCS 5/12-910from Ch. 110, par. 12-910735 ILCS 5/12-911from Ch. 110, par. 12-911735 ILCS 5/12-912from Ch. 110, par. 12-912Amends the Code of Civil Procedure. Provides that every individual is entitled to an estate of homestead to the extent in value of the greater of (1) the countywide median sale price for a single-family home in the calendar year prior to the calendar year in which the judgment debtor claims the exemption, not to exceed $600,000, or (2) $300,000 (rather than $15,000) of his or her interest in a farm or lot of land and buildings thereon, a condominium, or personal property, owned or rightly possessed by lease or otherwise and occupied by him or her as a residence, or in a cooperative that owns property that the individual uses as a residence. Makes conforming changes. 1/21/2022SenateFiled with Secretary by Sen. Karina Villa 1/21/2022SenateFirst Reading 1/21/2022SenateReferred to Assignments 2/1/2022SenateAssigned to Judiciary 2/7/2022SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Karina Villa 2/7/2022SenateSenate Committee Amendment No. 1 Referred to Assignments 2/7/2022SenateTo Judiciary- Property Law 2/8/2022SenateSenate Committee Amendment No. 1 Assignments Refers to Judiciary 2/10/2022SenateRule 2-10 Committee Deadline Established As February 18, 2022 2/18/2022SenateSenate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments 2/18/2022SenateRule 3-9(a) / Re-referred to Assignments 1/10/2023SenateSession Sine Die