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Amends the Property Tax Code. Provides that, for taxable year 2026, the maximum income limitation for the low-income senior citizens assessment freeze homestead exemption is $75,000 (currently, $65,000). Provides that, beginning in taxable year 2027, the maximum income limitation for the low-income senior citizens assessment freeze homestead exemption shall be increased each year by the percentage increase, if any, in the Consumer Price Index. Effective immediately.
Introduced
Jan 29, 2025
Last Action
Mar 24, 2025
Session
IL 104th
Sponsors
1 primary · 1 co
Added Co-Sponsor Rep. Anne Stava
Rule 19(a) / Re-referred to Rules Committee
To Property Tax Subcommittee
Assigned to Revenue & Finance Committee
Filed with the Clerk by Rep. Janet Yang Rohr
Referred to Rules Committee
First Reading
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Added Co-Sponsor Rep. Anne Stava