HB 1074 Illinois House · 103rd Regular Session

PROP TX-SENIOR FREEZE-CPI

Summary

Amends the Property Tax Code. Provides that, for taxable year 2024, the maximum income limitation for the senior freeze shall be $73,700 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.

Bill status in committee 1 of 4 stages cleared

Introduction

Jan 2023

Committee Review

Floor Vote

Governor

Introduced Jan 3, 2023 Last action Aug 12, 2024

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Full legislative history

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Key actions

Committee

Apr 5, 2024

Committee

Rule 19(a) / Re-referred to Rules Committee

lower

Mar 8, 2024

Lower · Passed

To Revenue - Property Tax Subcommittee

lower

Feb 14, 2024

Committee

Assigned to Revenue & Finance Committee

lower

Mar 10, 2023

Committee

Rule 19(a) / Re-referred to Rules Committee

lower

Mar 9, 2023

Lower · Passed

To Revenue - Property Tax Subcommittee

lower

Feb 28, 2023

Committee

Assigned to Revenue & Finance Committee

lower

Jan 12, 2023

Committee

Referred to Rules Committee

lower

1 primary · 12 co-sponsors

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