Bill Sponsors: IL SB2318 | 2023-2024 | 103rd General Assembly

Bill Title: Amends the Property Tax Code. Provides that, beginning in taxable year 2024, the maximum income limitation for the low-income senior citizens assessment freeze homestead exemption shall be increased each year by the percentage increase, if any, in the Consumer Price Index. Effective immediately.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced) 2023-03-10 - Rule 3-9(a) / Re-referred to Assignments [SB2318 Detail]

Text: Latest bill text (Introduced) [HTML]

Sponsors

NameTypeSponsorshipDistrictFinancialEncyclopediaBiography
Senator Susan Rezin [R]PrimarySponsored BillsSD-038FollowTheMoneyBallotpediaVoteSmart

Social Comments on IL SB2318

feedback