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Amends the Property Tax Code. Provides that, beginning in taxable year 2025, 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
Feb 5, 2025
Last Action
Aug 5, 2025
Session
IL 104th
Sponsors
1 primary · 2 co
Added as Co-Sponsor Sen. Sally J. Turner
Rule 3-9(a) / Re-referred to Assignments
Rule 2-10 Committee/3rd Reading Deadline Established As June 1, 2025
Rule 2-10 Committee/3rd Reading Deadline Established As May 23, 2025
Rule 2-10 Committee Deadline Established As May 9, 2025
Rule 2-10 Committee Deadline Established As April 11, 2025
Added as Chief Co-Sponsor Sen. Chris Balkema
Assigned to Revenue
Filed with Secretary by Sen. Sue Rezin
Referred to Assignments
First Reading
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Added as Co-Sponsor Sen. Sally J. Turner
Sally J. Turner