IL HB5425 | 2023-2024 | 103rd General Assembly

Status

Spectrum: Partisan Bill (Republican 3-0)
Status: Introduced on February 9 2024 - 25% progression
Action: 2024-05-14 - Added Co-Sponsor Rep. Nicole La Ha
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Property Tax Code. Creates a senior citizens homestead school levy exemption for property that is improved with a permanent structure that is occupied as a primary residence by an applicant who (i) is 65 years of age or older during the taxable year, (ii) has a household income that does not exceed the maximum income limitation, (iii) is liable for paying real property taxes on the property, (iv) is an owner of record of the property or has a legal or equitable interest in the property as evidenced by a written instrument, if no individual residing at the real property is or will be enrolled in a public school. Effective immediately.

Tracking Information

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Title

PROP TX-SENIORS-SCHOOLS

Sponsors


History

DateChamberAction
2024-05-14HouseAdded Co-Sponsor Rep. Nicole La Ha
2024-04-19HouseAdded Chief Co-Sponsor Rep. Patrick Sheehan
2024-04-05HouseRule 19(a) / Re-referred to Rules Committee
2024-03-08HouseTo Revenue - Property Tax Subcommittee
2024-03-05HouseAssigned to Revenue & Finance Committee
2024-02-09HouseReferred to Rules Committee
2024-02-09HouseFirst Reading
2024-02-09HouseFiled with the Clerk by Rep. Jennifer Sanalitro

Code Citations

ChapterArticleSectionCitation TypeStatute Text
3520015-172.1New CodeSee Bill Text

Illinois State Sources


Bill Comments

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