Bill Title: Amends the Property Tax Code. Provides that, on and after July 1, 2026, any bill to amend an existing homestead exemption or to create a new homestead exemption shall include the submission of an impact statement prepared by the sponsor of the bill. Provides that the maximum income limitation for the Low-Income Senior Citizens Assessment Freeze Homestead Exemption shall be $85,000 for taxable year 2025 and shall be subject to a cost-of-living adjustment in subsequent years. Provides that, for any tax certificates held by a county, the county clerk may create and administer a payment plan during the redemption period. Amends the Senior Citizens Real Estate Tax Deferral Act. Makes changes concerning the maximum household income. Effective immediately.

Sponsorship: Partisan Bill (Democrat 14)

Status: (Introduced - Dead) 2025-05-14 - Added Co-Sponsor Rep. Elizabeth "Lisa" Hernandez [HB3253 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2025-02-07	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois HB3253

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois HB3253 currently on file.