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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 6, 2025
Last Action
Dec 3, 2025
Session
IL 104th
Sponsors
1 primary · 4 co
Added as Co-Sponsor Sen. Lakesia Collins
Added as Co-Sponsor Sen. Willie Preston
Added as Co-Sponsor Sen. Ram Villivalam
Added as Co-Sponsor Sen. Mattie Hunter
Filed with Secretary by Sen. Patrick J. Joyce
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. Lakesia Collins
Patrick J. Joyce