Bill Sponsors: IL SB1821 | 2025-2026 | 104th General Assembly
Bill Title: Amends the Property Tax Code. In provisions concerning the low-income senior citizens assessment freeze homestead exemption, provides that the applicant's income does not include up to $10,000 per household in required minimum distributions under the Internal Revenue Code from a retirement plan, retirement account, or retirement annuity. Provides that, for taxable year 2025 and thereafter, the maximum income limitation is $75,000 for all qualified property. Amends the Senior Citizens Real Estate Tax Deferral Act. Provides that an eligible taxpayer has a household income of not more than $75,000 for tax year 2025 and thereafter (currently, $65,000 for tax years 2022 through 2025 and $55,000 for tax year 2026 and thereafter). Effective immediately.
Sponsorship: Partisan Bill (Democrat 2)
Status: (Introduced - Dead) 2026-05-22 - Rule 3-9(a) / Re-referred to Assignments [SB1821 Detail]
Text: Latest bill text (Introduced) [HTML]
Sponsorship: Partisan Bill (Democrat 2)
Status: (Introduced - Dead) 2026-05-22 - Rule 3-9(a) / Re-referred to Assignments [SB1821 Detail]
Text: Latest bill text (Introduced) [HTML]
Sponsors
| Name | Type | Contact | Phone | District | Sponsorship | State Profile | Financial | Encyclopedia | Biography |
|---|---|---|---|---|---|---|---|---|---|
| Senator Laura Murphy [D] | Primary | N/A | 217-782-3875 | SD-028 | Sponsored Bills | State Profile | FollowTheMoney | Ballotpedia | VoteSmart |
| Senator Rachel Ventura [D] | Cosponsor | N/A | 217-782-8800 | SD-043 | Sponsored Bills | State Profile | FollowTheMoney | Ballotpedia | VoteSmart |
