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Amends the Property Tax Code. Provides that, for taxable years 2026 and thereafter, the maximum reduction for the general homestead exemption is $10,000 in all counties. Effective immediately.
Introduced
Feb 6, 2025
Last Action
Oct 27, 2025
Session
IL 104th
Sponsors
1 primary · 1 co
Added Co-Sponsor Rep. Kevin Schmidt
Rule 19(a) / Re-referred to Rules Committee
To Tax Policy: Other Taxes Subcommittee
Assigned to Revenue & Finance Committee
Referred to Rules Committee
First Reading
Filed with the Clerk by Rep. Martin McLaughlin
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Added Co-Sponsor Rep. Kevin Schmidt
Martin McLaughlin