Bill Title: Amends the Senior Citizens Real Estate Tax Deferral Act. Provides that the income limitation under the Act is $65,000 for tax years 2022 through 2025 and $55,000 for tax year 2026 and thereafter (currently, $55,000). Provides that, for tax years 2022 through 2025, the total amount of any such deferral shall not exceed $7,500 per taxpayer in each tax year (currently, $5,000). Provides that, beginning again in tax year 2026, the total amount of any such deferral shall not exceed $5,000. Effective immediately.
Spectrum: Moderate Partisan Bill (Democrat 21-4)
Status: (Passed) 2021-08-27 - Public Act . . . . . . . . . 102-0644
[SB2244 Detail]
Bill Drafts
| Revision | Date | Format | Source | View |
|---|
| Chaptered | 2021-08-30 | HTML/Text | Link | View |
| Enrolled | 2021-06-01 | HTML/Text | Link | View |
| Engrossed | 2021-04-22 | HTML/Text | Link | View |
| Introduced | 2021-02-26 | HTML/Text | Link | View |
Amendments
Supplemental Documents
| Title | Description | Date | Format | Source | View |
|---|
| No supplemental documents for Illinois SB2244 currently on file. |
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