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Amends the Property Tax Code. Provides that the total property tax bill for any property receiving the senior citizens homestead exemption may not exceed 101% of the tax bill for the immediately preceding taxable year, unless the increase is due to improvements to the property that increased the property's fair market value in the applicable tax year.
Introduced
Jan 28, 2025
Last Action
Feb 26, 2026
Session
IL 104th
Sponsors
1 primary · 2 co
To Tax Policy: Other Taxes Subcommittee
Assigned to Revenue & Finance Committee
Added Co-Sponsor Rep. Patrick Sheehan
Rule 19(a) / Re-referred to Rules Committee
To Tax Policy: Other Taxes Subcommittee
Assigned to Revenue & Finance Committee
Added Chief Co-Sponsor Rep. Travis Weaver
Referred to Rules Committee
First Reading
Filed with the Clerk by Rep. Nicole La Ha
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
To Tax Policy: Other Taxes Subcommittee