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]
Bill Drafts
| Revision | Date | Format | Source | View |
|---|
| Introduced | 2025-01-21 | HTML/Text | Link | View |
Amendments
| Amendment | Date | Disposition | Format | Source | View |
|---|
| No bill amendments currently on file for Illinois HB1563 |
Supplemental Documents
| Title | Description | Date | Format | Source | View |
|---|
| No supplemental documents for Illinois HB1563 currently on file. |
