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Amends the Property Tax Code. Provides that, if property was granted a homestead exemption for persons with disabilities for any taxable year beginning on or after January 1, 2025, and if the property remains eligible for the exemption in a subsequent consecutive taxable year, then the total property tax liability for the property for the applicable taxable year may not exceed the total property tax liability for (i) taxable year 2025 or (ii) the first year in which the property became eligible for the exemption, whichever occurs later, unless the chief county assessment officer finds that there were substantial improvements made to the property during the previous taxable year or years. Effective immediately.
Introduced
Feb 4, 2025
Last Action
Mar 21, 2025
Session
IL 104th
Sponsors
1 primary · 1 co
Rule 19(a) / Re-referred to Rules Committee
Added Co-Sponsor Rep. Nicole La Ha
To Tax Policy: Other Taxes Subcommittee
Assigned to Revenue & Finance Committee
Filed with the Clerk by Rep. Jed Davis
Referred to Rules Committee
First Reading
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Rule 19(a) / Re-referred to Rules Committee