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]

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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.