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Creates the Circuit Breaker Property Tax Relief Act. Provides that an individual who: (i) is domiciled in this State; (ii) is eligible for and receives either the general homestead exemption the general alternative homestead exemption; (iii) has experienced property tax bill spikes; and (iv) has an income that meets a specified income eligibility limitation is eligible for a grant of a portion of their bill spike. Provides that the maximum amount of grant to which a claimant is entitled is the one-half of the claimant's tax bill spike. Creates the Circuit Breaker Property Tax Relief Fund for the purpose of making grants to claimants. Amends the State Finance Act to make conforming changes. Effective immediately.
Introduced
Feb 18, 2025
Last Action
Mar 21, 2025
Session
IL 104th
Sponsors
1 primary · 10 co
Rule 19(a) / Re-referred to Rules Committee
Added Co-Sponsor Rep. Lisa Davis
To Tax Policy: Other Taxes Subcommittee
Assigned to Revenue & Finance Committee
Added Co-Sponsor Rep. Anna Moeller
Added Co-Sponsor Rep. Kelly M. Cassidy
Added Co-Sponsor Rep. William "Will" Davis
Added Co-Sponsor Rep. Rick Ryan
First Reading
Added Co-Sponsor Rep. Jawaharial Williams
Added Co-Sponsor Rep. Michelle Mussman
Added Co-Sponsor Rep. Yolonda Morris
Added Chief Co-Sponsor Rep. Anthony DeLuca
Referred to Rules Committee
Added Co-Sponsor Rep. Michael Crawford
Filed with the Clerk by Rep. Justin Slaughter
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
Jawaharial Williams
William "Will" Davis
Kelly M. Cassidy
Michael Crawford