IL SB1501 | 2025-2026 | 104th General Assembly
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 4 2025 - 25% progression
Action: 2025-02-11 - Assigned to Judiciary
Pending: Senate Judiciary Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 4 2025 - 25% progression
Action: 2025-02-11 - Assigned to Judiciary
Pending: Senate Judiciary Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Code of Civil Procedure. Exempts from garnishment for a period of 30 calendar days wages electronically deposited directly into a judgment debtor's checking or savings account in a financial institution. Increases the amount that every individual is entitled to for the individual's estate of homestead from $15,000 to $100,000 if the property is owned by a single individual, and from $30,000 to $200,000 if the property is owned by 2 or more individuals. Makes conforming changes in provisions regarding: the validity of a release, waiver, or conveyance of a property; the proceeds of a sale; bids for less than the exempted amount; proceedings to enforce a judgment; notice to judgment debtors; and the sale of premises and distribution of proceeds. Increases the exemptions for: other personal property from $4,000 to $27,000; a motor vehicle from $2,400 to $16,000; tools of the trade of the debtor from $1,500 to 10,000; and personal injury from $15,000 to $100,000. Makes conforming changes.
Title
HOMESTEAD EXEMPTION INCREASE
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2025-02-11 | Senate | Assigned to Judiciary |
| 2025-02-04 | Senate | Referred to Assignments |
| 2025-02-04 | Senate | First Reading |
| 2025-02-04 | Senate | Filed with Secretary by Sen. Michael W. Halpin |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 735 | 5 | 12-1001 | Amended Code | Citation Text |
| 735 | 5 | 12-704 | Amended Code | Citation Text |
| 735 | 5 | 12-901 | Amended Code | Citation Text |
| 735 | 5 | 12-904 | Amended Code | Citation Text |
| 735 | 5 | 12-906 | Amended Code | Citation Text |
| 735 | 5 | 12-909 | Amended Code | Citation Text |
| 735 | 5 | 12-910 | Amended Code | Citation Text |
| 735 | 5 | 12-911 | Amended Code | Citation Text |
| 735 | 5 | 12-912 | Amended Code | Citation Text |
| 735 | 5 | 2-1402 | Amended Code | Citation Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1501&GAID=18&DocTypeID=SB&SessionID=114&GA=104 |
| Text | https://www.ilga.gov/legislation/104/SB/10400SB1501.htm |
