IL HB1563 | 2025-2026 | 104th General Assembly
Status
Spectrum: Partisan Bill (Republican 3-0)
Status: Introduced on January 21 2025 - 25% progression
Action: 2025-02-07 - Added Co-Sponsor Rep. Regan Deering
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 21 2025 - 25% progression
Action: 2025-02-07 - Added Co-Sponsor Rep. Regan Deering
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
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.
Title
PROP TX-SENIOR FREEZE-CPI
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2025-02-07 | House | Added Co-Sponsor Rep. Regan Deering |
| 2025-01-28 | House | Referred to Rules Committee |
| 2025-01-28 | House | First Reading |
| 2025-01-23 | House | Added Co-Sponsor Rep. Tony M. McCombie |
| 2025-01-21 | House | Filed with the Clerk by Rep. Charles Meier |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 35 | 200 | 15-172 | Amended Code | Citation Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1563&GAID=18&DocTypeID=HB&SessionID=114&GA=104 |
| Text | https://www.ilga.gov/legislation/104/HB/10400HB1563.htm |
