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]
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.
Title
PROP TX-SENIORS
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2026-05-22 | Senate | Rule 3-9(a) / Re-referred to Assignments |
| 2026-05-15 | Senate | Rule 2-10 Committee/3rd Reading Deadline Established As May 22, 2026 |
| 2026-04-24 | Senate | Rule 2-10 Committee/3rd Reading Deadline Established As May 15, 2026 |
| 2026-03-13 | Senate | Rule 2-10 Committee Deadline Established As April 24, 2026 |
| 2026-01-27 | Senate | Re-assigned to Revenue |
| 2025-06-02 | Senate | Rule 3-9(a) / Re-referred to Assignments |
| 2025-05-23 | Senate | Rule 2-10 Committee/3rd Reading Deadline Established As June 1, 2025 |
| 2025-05-12 | Senate | Added as Chief Co-Sponsor Sen. Rachel Ventura |
| 2025-05-09 | Senate | Rule 2-10 Committee/3rd Reading Deadline Established As May 23, 2025 |
| 2025-04-11 | Senate | Rule 2-10 Committee Deadline Established As May 9, 2025 |
| 2025-03-21 | Senate | Rule 2-10 Committee Deadline Established As April 11, 2025 |
| 2025-02-18 | Senate | Assigned to Revenue |
| 2025-02-06 | Senate | Referred to Assignments |
| 2025-02-06 | Senate | First Reading |
| 2025-02-06 | Senate | Filed with Secretary by Sen. Laura M. Murphy |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 320 | 30 | 2 | Amended Code | Citation Text |
| 35 | 200 | 15-172 | Amended Code | Citation Text |
