IL HB1274 | 2023-2024 | 103rd General Assembly

Status

Spectrum: Partisan Bill (Republican 12-0)
Status: Introduced on January 19 2023 - 25% progression
Action: 2024-04-19 - Added Chief Co-Sponsor Rep. Patrick Sheehan
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Property Tax Code. Provides that, for taxable years 2024 and thereafter, the maximum reduction under the senior citizens homestead exemption is $8,000 in all counties (currently, $8,000 in counties with 3,000,000 or more inhabitants and counties that are contiguous to a county of 3,000,000 or more inhabitants and $5,000 in all other counties). Provides that the maximum income limitation for the senior citizens assessment freeze homestead exemption is $75,000 (currently, $65,000). Effective immediately.

Tracking Information

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Title

PROP TX-SENIOR HOMESTEAD

Sponsors


History

DateChamberAction
2024-04-19HouseAdded Chief Co-Sponsor Rep. Patrick Sheehan
2024-04-15HouseAdded Co-Sponsor Rep. Brandun Schweizer
2024-04-05HouseRule 19(a) / Re-referred to Rules Committee
2024-03-08HouseTo Revenue - Property Tax Subcommittee
2024-02-08HouseAdded Co-Sponsor Rep. Michael J. Coffey, Jr.
2024-01-31HouseAssigned to Revenue & Finance Committee
2023-12-19HouseAdded Co-Sponsor Rep. Kevin Schmidt
2023-12-19HouseAdded Co-Sponsor Rep. Jackie Haas
2023-11-08HouseAdded Co-Sponsor Rep. Dave Severin
2023-11-08HouseAdded Co-Sponsor Rep. Tom Weber
2023-08-08HouseAdded Co-Sponsor Rep. Norine K. Hammond
2023-06-22HouseAdded Co-Sponsor Rep. Dan Swanson
2023-02-28HouseAdded Co-Sponsor Rep. Travis Weaver
2023-01-31HouseReferred to Rules Committee
2023-01-31HouseFirst Reading
2023-01-23HouseAdded Co-Sponsor Rep. Tony M. McCombie
2023-01-19HouseFiled with the Clerk by Rep. Amy Elik

Code Citations

ChapterArticleSectionCitation TypeStatute Text
3520015-170Amended CodeCitation Text
3520015-172Amended CodeCitation Text

Illinois State Sources


Bill Comments

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