PROP TX-NATURAL DISASTER Senate SponsorsSen. Scott M. Bennett and David Koehler House Sponsors(Rep. Chad Hays, Brandon W. Phelps and Katherine Cloonen) 1/10/2017SenateSession Sine Die 35 ILCS 200/15-173Amends the Property Tax Code. In a Section granting a natural disaster homestead exemption, removes language providing that the square footage of the rebuilt residential structure may not be more than 110% of the square footage of the original residential structure as it existed immediately prior to the natural disaster. Removes provisions providing that the taxpayer's initial application for a natural disaster homestead exemption must be made no later than the first taxable year after the residential structure is rebuilt. Provides that, if the square footage of the rebuilt structure exceeds 110% of the square footage of the original residential structure as it existed immediately prior to the natural disaster, then the amount of the natural disaster homestead exemption is the equalized assessed value per square foot of the rebuilt structure multiplied by 110% of the square footage of the original residential structure as it existed immediately prior to the natural disaster minus the base amount. Provides that the amendatory Act is retroactive to the 2012 taxable year. Effective immediately. 2/19/2016SenateFiled with Secretary by Sen. Scott M. Bennett 2/19/2016SenateFirst Reading 2/19/2016SenateReferred to Assignments 3/8/2016SenateAssigned to Revenue 3/16/2016SenateDo Pass Revenue; 010-000-000 3/16/2016SenatePlaced on Calendar Order of 2nd Reading March 17, 2016 4/14/2016SenateSecond Reading 4/14/2016SenatePlaced on Calendar Order of 3rd Reading April 18, 2016 4/21/2016SenateAdded as Co-Sponsor Sen. David Koehler 4/21/2016SenateThird Reading - Passed; 054-000-000 4/21/2016HouseArrived in House 4/21/2016HouseChief House Sponsor Rep. Chad Hays 4/21/2016HouseFirst Reading 4/21/2016HouseReferred to Rules Committee 4/22/2016HouseAdded Alternate Co-Sponsor Rep. Brandon W. Phelps 5/2/2016HouseAssigned to Revenue & Finance Committee 5/9/2016HouseAdded Alternate Co-Sponsor Rep. Katherine Cloonen 5/13/2016HouseRule 19(a) / Re-referred to Rules Committee 1/10/2017SenateSession Sine Die