HB 1563 Illinois House · 104th Regular Session

PROP TX-SENIOR FREEZE-CPI

Summary

Amends the Property Tax Code. Provides that, for taxable year 2026, the maximum income limitation for the senior freeze shall be $75,000 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.

Issues: ✓ Budget & Taxes

Bill status in committee 1 of 4 stages cleared

Introduction

Jan 2025

Committee Review

Floor Vote

Governor

Introduced Jan 21, 2025 Last action Mar 21, 2025

Floor votes

How they voted

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Full legislative history

Actions timeline

Total actions

Key actions

Committee

Mar 21, 2025

Committee

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

lower

Mar 3, 2025

Lower · Passed

To Property Tax Subcommittee

lower

Feb 18, 2025

Committee

Assigned to Revenue & Finance Committee

lower

Jan 28, 2025

Committee

Referred to Rules Committee

lower

1 primary · 3 co-sponsors