Budget & Taxes (Property Tax)

in committee · Illinois · Senate May 22, 2026

SB 2854: 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 caps, enabling additional funding for veterans' services without triggering extension limits.90% confidence ✓ VeteransSupports VeteransExcludes veterans' commission levies from tax cap, enabling dedicated funding for veterans' services without aggregate tax limits.95% confidence

Sub-Topics Property Tax Veteran Education Veteran Housing

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in committee · Illinois · House Mar 27, 2026

HB 4637: PROP TX-OMITTED PROPERTY

Amends the Property Tax Code. In counties with fewer than 3,000,000 inhabitants, provides that property that receives an erroneous homestead exemption for the current assessment year or for any of the 3 prior assessment years may be considered omitted property. Provides for penalties and interest to be imposed on that omitted property. Provides that any arrearage of taxes or interest that might have been assessed against that omitted property shall not be chargeable to certain bona fide purchasers of the property. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill ensures tax collection on erroneously exempted property, promoting fiscal responsibility by recovering lost revenue through penalties and interest.90% confidence

Sub-Topics Property Tax

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in committee · Illinois · House Apr 2, 2026

HB 4404: VEH CD-SPEED CAMERAS-HOME RULE

Amends the Illinois Vehicle Code. Allows a home rule unit to install an automated speed enforcement system within the home rule unit. Requires a non-home rule unit to provide a referendum to install an automated speed enforcement system within the non-home rule unit. Provides that any funds collected from a violation of an automated speed enforcement system shall be remitted to the Department of Revenue to be used for any property tax relief program within the home rule unit or non-home rule unit where the violation occurred.

Topics ✓ Budget & TaxesSupports Budget & TaxesFunds from speed camera violations remitted to Department of Revenue for property tax relief programs, directly advancing tax relief as specified in the bill's summary.95% confidence ✓ TransportationSupports TransportationBill authorizes automated speed enforcement cameras to improve road safety, directly advancing transportation safety standards under vehicle regulations.90% confidence

Sub-Topics Property Tax Traffic Safety

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in committee · Illinois · Senate May 22, 2026

SB 2751: PROP TX-SENIOR FREEZE

Provides that, if and only if Senate Bill 642 of the 104th General Assembly becomes law in the form in which it passed both houses on October 31, 2025, then a provision in the Property Tax Code concerning the Low-Income Senior Citizens Assessment Freeze Homestead Exemption is amended by (i) specifying that, for taxable years 2029 and thereafter, the term "maximum income limitation" means the maximum income limitation for the immediately preceding taxable year, multiplied by one plus the percentage increase, if any, in the Consumer Price Index-U for the 12-month period ending in September of the calendar year immediately preceding the taxable year for which the limitation is calculated and (ii) adding a definition of the term "Consumer Price Index-u". Effective upon becoming law or on the date Senate Bill 642 of the 104th General Assembly takes effect, whichever is later.

Topics ✓ Budget & TaxesSupports Budget & TaxesAmends property tax exemption for low-income seniors to adjust income limit for inflation, maintaining tax relief. Directly supports tax policy for vulnerable group.95% confidence

Sub-Topics Property Tax

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in committee · Illinois · Senate May 22, 2026

SB 2898: PTELL-ABATE-NUCLEAR FACILITY

Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that, notwithstanding any other provision of law, beginning in levy year 2026, if a specified taxing district provided a property tax abatement under a specified provision of the Energy Community Reinvestment Act in any levy year occurring before the current levy year and if the taxing district was subject to the Property Tax Extension Limitation Law in the levy year of the abatement, then the district's aggregate extension base for each subsequent levy year after the levy year of the abatement but not earlier than levy year 2026 shall be calculated as through the district's aggregate extension for the levy year in which the abatement was granted included the amount of the abatement. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill enables property tax abatements for nuclear facilities under Energy Community Reinvestment Act, providing tax relief by modifying Property Tax Extension Limitation Law.92% confidence ✓ EnergySupports EnergyProvides tax abatements for nuclear facilities under Energy Community Reinvestment Act, supporting energy infrastructure development.85% confidence

Sub-Topics Debt & Bonds Property Tax Tax Incentives

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in committee · Illinois · Senate May 22, 2026

SB 2920: PROP TX-POLICE AND FIRE

Amends the Property Tax Code. Provides that property that is used as a qualified residence by a police officer or firefighter with a duty-related disability is exempt from taxation under the Code. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax exemption for police/firefighter residences with disabilities, offering targeted tax relief to public safety personnel.85% confidence

Sub-Topics Property Tax

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in committee · Illinois · Senate May 22, 2026

SB 2745: PROP TX-DISABLED PERSONS

Amends the Property Tax Code. Provides that an applicant who receives the homestead exemption for persons with disabilities and who submits documentation by the examining provider that the applicant is totally and permanently disabled need not be reexamined to receive the exemption in a subsequent taxable year if (i) the applicant attaches the original documentation of total and permanent disability to his or her application in the subsequent taxable year, (ii) the exemption has not been deemed erroneous since the last application, and (iii) the claimant has not reported the claimant's ineligibility to receive the exemption.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides ongoing property tax exemption for disabled persons, reducing their tax burden without reapplication, aligning with tax relief for lower-income groups.92% confidence

Sub-Topics Property Tax

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in committee · Illinois · Senate Jun 1, 2026

SB 3042: PROP TX-POLICE AND FIRE

Amends the Property Tax Code. Creates a homestead exemption in the amount of a reduction of $5,000 from the equalized assessed value of property of the surviving spouse of a police officer or firefighter who is killed in the line of duty. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates $5,000 property tax exemption for surviving spouses of fallen first responders, providing direct tax relief for eligible households.95% confidence

Sub-Topics Property Tax

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in committee · Illinois · House Mar 27, 2026

HB 4492: PROP TX-SENIOR HOMESTEAD

Amends the Property Tax Code. Provides that property that qualifies for the senior citizens homestead exemption is exempt from taxation under the Code. Effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts senior citizens' homestead properties from property tax, providing direct tax relief for fixed-income seniors, aligning with support indicators for tax relief.95% confidence

Sub-Topics Property Tax Tags Seniors

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in committee · Illinois · Senate May 22, 2026

SB 2862: PROP TX-ABATEMENT

Amends the Property Tax Code. Provides that a municipality may, by ordinance, designate an area within its jurisdiction as a retail improvement abatement area if the area (i) is a contiguous area, (ii) consists of at least one-half square mile and  not more than 12 square miles, exclusive of lakes and waterways, and (iii) has a vacancy rate for retail properties that exceeds 40% at the time the ordinance is adopted. Provides that owners of retail property that is in a retail improvement abatement area may enter into one or more agreements with any of the taxing districts in which the property is located to abate all or a portion of the taxes levied by the taxing district on the subject property. Provides that the agreement shall require the property owner to make a special payment to the taxing district in lieu of the property taxes that would otherwise be imposed on the property.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax abatement for retail areas, a form of tax relief that reduces municipal tax revenue to incentivize development, aligning with tax relief indicators.85% confidence

Sub-Topics Property Tax Sales Tax Tax Incentives

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