Comments: IL HB1563 | 2025-2026 | 104th General Assembly

Bill Title: Amends the Property Tax Code. Provides that, for taxable year 2026, the maximum income limitation for the senior freeze shall be $75,000 for all qualified property (currently, $65,000). Provides that the maximum income limitation shall be adjusted each year according to the change in the Consumer Price Index for All Urban Consumers. Effective immediately.

Sponsorship: Partisan Bill (Republican 4)

Status: (Introduced - Dead) 2025-03-21 - Rule 19(a) / Re-referred to Rules Committee [HB1563 Detail]

Text: Latest bill text (Introduced) [HTML]

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