PROP TX-HOMESTEAD EXEMPTION House SponsorsRep. Sidney H. Mathias 1/8/2013HouseSession Sine Die 35 ILCS 200/15-175 Amends the Property Tax Code. Increases the general homestead exemption to $7,500 beginning in taxable year 2012 (now, the general homestead exemption is $6,000 for taxable years 2009 and thereafter). Effective immediately. 2/7/2012HouseFiled with the Clerk by Rep. Sidney H. Mathias 2/7/2012HouseFirst Reading 2/7/2012HouseReferred to Rules Committee 1/8/2013HouseSession Sine Die