PROP TX-HOMESTEAD EXEMPT House SponsorsRep. Ann Williams-Sidney H. Mathias 1/8/2013HouseSession Sine Die 35 ILCS 200/15-17635 ILCS 200/15-177 Amends the Property Tax Code. In a Section concerning the alternative general homestead exemption, provides that the maximum amount of the exemption is $40,000 for taxable year 2011 and thereafter. Provides that the alternative general homestead exemption applies on a permanent basis. In a Section concerning the long-time occupant homestead exemption, expands the definition of "adjusted homestead value". Beginning with taxable year 2011 and thereafter, "adjusted homestead value" means a property's base homestead value increased by 7% for each taxable year after the base year through and including the current tax year for qualified taxpayers with a household income of $100,000 or less. Makes other changes. Effective immediately. 2/24/2011HouseFiled with the Clerk by Rep. Harry Osterman 2/24/2011HouseFirst Reading 2/24/2011HouseReferred to Rules Committee 3/3/2011HouseAssigned to Revenue & Finance Committee 3/8/2011HouseAdded Chief Co-Sponsor Rep. Sidney H. Mathias 3/17/2011HouseRule 19(a) / Re-referred to Rules Committee 3/28/2012HouseChief Sponsor Changed to Rep. Ann Williams 1/8/2013HouseSession Sine Die