IL SB1821 | 2025-2026 | 104th General Assembly

Status

Sponsorship: Partisan Bill (Democrat 2)
Status: Introduced on February 6 2025 - 25% progression
Action: 2026-05-22 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Property Tax Code. In provisions concerning the low-income senior citizens assessment freeze homestead exemption, provides that the applicant's income does not include up to $10,000 per household in required minimum distributions under the Internal Revenue Code from a retirement plan, retirement account, or retirement annuity. Provides that, for taxable year 2025 and thereafter, the maximum income limitation is $75,000 for all qualified property. Amends the Senior Citizens Real Estate Tax Deferral Act. Provides that an eligible taxpayer has a household income of not more than $75,000 for tax year 2025 and thereafter (currently, $65,000 for tax years 2022 through 2025 and $55,000 for tax year 2026 and thereafter). Effective immediately.

Tracking Information

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Title

PROP TX-SENIORS

Sponsors


History

DateChamberAction
2026-05-22SenateRule 3-9(a) / Re-referred to Assignments
2026-05-15SenateRule 2-10 Committee/3rd Reading Deadline Established As May 22, 2026
2026-04-24SenateRule 2-10 Committee/3rd Reading Deadline Established As May 15, 2026
2026-03-13SenateRule 2-10 Committee Deadline Established As April 24, 2026
2026-01-27SenateRe-assigned to Revenue
2025-06-02SenateRule 3-9(a) / Re-referred to Assignments
2025-05-23SenateRule 2-10 Committee/3rd Reading Deadline Established As June 1, 2025
2025-05-12SenateAdded as Chief Co-Sponsor Sen. Rachel Ventura
2025-05-09SenateRule 2-10 Committee/3rd Reading Deadline Established As May 23, 2025
2025-04-11SenateRule 2-10 Committee Deadline Established As May 9, 2025
2025-03-21SenateRule 2-10 Committee Deadline Established As April 11, 2025
2025-02-18SenateAssigned to Revenue
2025-02-06SenateReferred to Assignments
2025-02-06SenateFirst Reading
2025-02-06SenateFiled with Secretary by Sen. Laura M. Murphy

Code Citations

ChapterArticleSectionCitation TypeStatute Text
320302Amended CodeCitation Text
3520015-172Amended CodeCitation Text

Illinois State Sources


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