Budget & Taxes (Property Tax)

in committee · Illinois · House Mar 21, 2025

HB 2720: PROP TX-VETERANS-PTELL

Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that special purpose levies made for the purpose of funding a Veterans Assistance Commission are not included in a taxing district's aggregate extension.

Topics ✓ Budget & TaxesSupports Budget & TaxesExcludes veterans' levies from tax cap, enabling dedicated funding for veterans' programs without triggering extension limits, advancing targeted fiscal support.85% confidence ✓ VeteransSupports VeteransExempts veterans' commission levies from tax limits, enabling dedicated funding for veterans' services without district tax caps.92% confidence

Sub-Topics Property Tax Veteran Education Veteran Housing

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in committee · Illinois · House Mar 21, 2025

HB 1756: PROP TX-SENIOR FREEZE

Amends the Property Tax Code. Provides that, for taxable years 2025 and thereafter, the maximum income limitation for the low-income senior citizens assessment freeze homestead exemption is $75,000 (currently, $65,000). Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands property tax freeze eligibility for seniors by raising income limit from $65k to $75k, providing tax relief to lower/middle-income seniors.95% confidence

Sub-Topics Property Tax

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in committee · Illinois · House Oct 27, 2025

HB 2640: PROP TX-SENIOR FREEZE

Amends the Property Tax Code. Provides that, for taxable years 2026 and thereafter, the maximum income limitation for the senior citizens assessment freeze homestead exemption is $75,000 (currently, $65,000). Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases senior tax exemption income limit, providing property tax relief for lower-income retirees under Budget & Taxes policy.95% confidence

Sub-Topics Property Tax

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in committee · Illinois · House Oct 27, 2025

HB 2639: PROP TX-GENERAL HOMESTEAD AMT

Amends the Property Tax Code. Provides that, for taxable years 2026 and thereafter, the maximum reduction for the general homestead exemption is $10,000 in all counties. Effective immediately.

Topics ✗ Budget & TaxesOpposes Budget & TaxesCaps homestead exemption reduction at $10k, restricting tax relief for homeowners and limiting property tax benefits.90% confidence

Sub-Topics Property Tax

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in committee · Illinois · House Apr 17, 2026

HB 1440: PROP TX-TAX DEEDS

Amends the Property Tax Code. Provides that tax deeds issued to the county as trustee shall be recorded by the county and shall not require a municipal transfer stamp or be subject to any municipal real estate transfer taxes, requirements, or certifications prior to recording.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill removes municipal real estate transfer taxes on county tax deeds, reducing government costs and promoting fiscal efficiency in property tax processing.90% confidence

Sub-Topics Property Tax

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in committee · Illinois · House Mar 10, 2026

HB 1867: REVENUE-SENIOR FREEZE-LIHEAP

Amends the Property Tax Code. Provides that the maximum income limitation under the Low-Income Senior Citizens Assessment Freeze Homestead Exemption shall be adjusted each year by the annual cost of living increase, if any, in Social Security and Supplemental Security Income benefits that took effect during the immediately preceding calendar year. Amends the Energy Assistance Act. Provides that eligibility limits under the energy assistance program may not exceed the greater of (1) 150% of the federal nonfarm poverty level as established by the federal Office of Management and Budget or 60% of the State median income for the current State fiscal year as established by the U.S. Department of Health and Human Services, whichever is higher; or (2) the eligibility limit for the immediately preceding calendar year, increased by the annual cost of living increase, if any, in Social Security and Supplemental Security Income benefits that took effect during the immediately preceding calendar year. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesAdjusts property tax exemption for seniors and LIHEAP eligibility to maintain relief for low-income households through annual cost-of-living adjustments.95% confidence

Sub-Topics Property Tax

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in committee · Illinois · House Mar 27, 2026

HB 1334: PROP TX-PERSON W/ DISABILITY

Amends the Property Tax Code. In provisions concerning the homestead exemption for persons with disabilities, provides that, if the person with a disability is eligible to receive disability benefits under the federal Social Security Act, then the property is exempt from taxation under this Code. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts disability benefit recipients from property tax, providing tax relief for lower-income individuals under fiscal policy.95% confidence

Sub-Topics Property Tax

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in committee · Illinois · House Feb 25, 2025

HB 3940: $PROPERTY TAX APPEAL BOARD

Makes appropriations for the ordinary and contingent expenses of the Property Tax Appeal Board for the fiscal year beginning July 1, 2025, as follows: Other State Funds $13,716,800.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllocates $13.7M for Property Tax Appeal Board operations, supporting tax dispute resolution within fiscal management.95% confidence

Sub-Topics Property Tax

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in committee · Illinois · House Mar 21, 2025

HB 1874: PROP TX-CILA EXEMPT

Amends the Property Tax Code. Provides that certain property on which a community-integrated living arrangement is located is entitled to a reduction in its equalized assessed value in an amount equal to the product that results when the number of occupants who use the community-integrated living arrangement as a primary residence is multiplied by $2,000. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax reduction for community-integrated living arrangements, lowering tax burden on qualifying properties per Property Tax Code amendment.95% confidence ✓ HousingSupports HousingProvides $2,000 tax reduction per occupant for CILA properties, incentivizing affordable housing development for vulnerable populations through property tax relief.95% confidence

Sub-Topics Property Tax Property Taxes

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in committee · Illinois · Senate Jun 2, 2025

SB 1207: PROP TX-PROBATE

Amends the Property Tax Code. Provides that no interest or penalties shall be imposed with respect to property that is included in a decedent's probate estate at the time of a delinquency if the representative of the decedent's estate applies with the county treasurer for a waiver of those amounts and is granted that waiver. Provides that the waiver shall apply beginning on the date of the decedent's death until the earlier of either: (i) the date on which the property is sold, transferred, or conveyed or (ii) the date on which the estate is closed.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill waives property tax penalties/interest for probate estates, providing tax relief per Property Tax Code amendment.85% confidence

Sub-Topics Property Tax

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