HB 1274 Illinois House · 103rd Regular Session

PROP TX-SENIOR HOMESTEAD

Summary

Amends the Property Tax Code. Provides that, for taxable years 2024 and thereafter, the maximum reduction under the senior citizens homestead exemption is $8,000 in all counties (currently, $8,000 in counties with 3,000,000 or more inhabitants and counties that are contiguous to a county of 3,000,000 or more inhabitants and $5,000 in all other counties). Provides that the maximum income limitation for the senior citizens assessment freeze homestead exemption is $75,000 (currently, $65,000). Effective immediately.

Bill status in committee 1 of 4 stages cleared

Introduction

Jan 2023

Committee Review

Floor Vote

Governor

Introduced Jan 19, 2023 Last action May 16, 2024

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

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

Jan 31, 2024

Committee

Assigned to Revenue & Finance Committee

lower

Jan 31, 2023

Committee

Referred to Rules Committee

lower

1 primary · 12 co-sponsors

Sponsors

Role

Legislator

Party

State

District