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Amends the Property Tax Code. Provides that, on and after July 1, 2026, any bill to amend an existing homestead exemption or to create a new homestead exemption shall include the submission of an impact statement prepared by the sponsor of the bill. Provides that the maximum income limitation for the Low-Income Senior Citizens Assessment Freeze Homestead Exemption shall be $85,000 for taxable year 2025 and shall be subject to a cost-of-living adjustment in subsequent years. Provides that, for any tax certificates held by a county, the county clerk may create and administer a payment plan during the redemption period. Amends the Senior Citizens Real Estate Tax Deferral Act. Makes changes concerning the maximum household income. Effective immediately.
Introduced
Feb 18, 2025
Last Action
May 14, 2025
Session
IL 104th
Sponsors
1 primary · 13 co
Added Co-Sponsor Rep. Elizabeth "Lisa" Hernandez
Added Co-Sponsor Rep. Martha Deuter
Rule 19(a) / Re-referred to Rules Committee
Added Co-Sponsor Rep. Debbie Meyers-Martin
To Property Tax Subcommittee
Added Co-Sponsor Rep. Dagmara Avelar
Added Co-Sponsor Rep. Camille Y. Lilly
Assigned to Revenue & Finance Committee
Added Co-Sponsor Rep. Jennifer Gong-Gershowitz
Added Co-Sponsor Rep. Abdelnasser Rashid
Added Co-Sponsor Rep. Laura Faver Dias
Added Co-Sponsor Rep. Nabeela Syed
Added Co-Sponsor Rep. Anna Moeller
Added Co-Sponsor Rep. Lisa Davis
Added Co-Sponsor Rep. Lilian Jiménez
Referred to Rules Committee
First Reading
Added Co-Sponsor Rep. Diane Blair-Sherlock
Filed with the Clerk by Rep. Mary Beth Canty
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Added Co-Sponsor Rep. Elizabeth "Lisa" Hernandez
Camille Y. Lilly
Dagmara Avelar
Martha Deuter
Elizabeth "Lisa" Hernandez
Jennifer Gong-Gershowitz