Illinois House Bill 1428 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on January 7 2025 - 100% progression
Action: 2025-01-07 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Amends the Property Tax Code. Provides that, for taxable years 2024 and thereafter, the term "maximum income limitation" for the low-income senior citizens assessment freeze homestead exemption means the greater of (i) $80,000 or (ii) $80,000 adjusted by certain increases in the consumer price index-u. Provides that the Department of Revenue shall, not later than January 31 of each calendar year, calculate, publish, and transmit to all county clerks and county treasurers the indexed maximum income limitation number. In provisions concerning the general homestead exemption, provides that, for taxable years 2024 and thereafter, the maximum reduction is $10,000 in all counties.

PROP TX-HOMESTEAD EXEMPT

Rep. Joe Sosnowski [R]

Date	Chamber	Action
2025-01-07	House	Session Sine Die
2023-01-31	House	Referred to Rules Committee
2023-01-31	House	First Reading
2023-01-25	House	Filed with the Clerk by Rep. Joe C. Sosnowski

Chapter	Article	Section	Citation Type	Statute Text
35	200	15-172	Amended Code	Citation Text
35	200	15-175	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1428&GAID=17&DocTypeID=HB&SessionID=112&GA=103
Text	https://www.ilga.gov/legislation/103/HB/10300HB1428.htm