IL SB2199 | 2023-2024 | 103rd General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 2-0)
Status: Failed on January 7 2025 - 100% progression
Action: 2025-01-07 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Spectrum: Partisan Bill (Republican 2-0)
Status: Failed on January 7 2025 - 100% progression
Action: 2025-01-07 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Property Tax Code. Provides that, for taxable years 2024 and thereafter, the maximum reduction under the senior citizens homestead exemption is $8,000 in all counties (currently, $8,000 in counties with 3,000,000 or more inhabitants and counties that are contiguous to a county of 3,000,000 or more inhabitants and $5,000 in all other counties). Provides that the maximum income limitation for the senior citizens assessment freeze homestead exemption is $75,000 (currently, $65,000). Effective immediately.
Title
PROP TX-SENIOR HOMESTEAD
Sponsors
History
Date | Chamber | Action |
---|---|---|
2025-01-07 | Senate | Session Sine Die |
2023-10-10 | Senate | Added as Chief Co-Sponsor Sen. Dave Syverson |
2023-03-10 | Senate | Rule 3-9(a) / Re-referred to Assignments |
2023-02-28 | Senate | Assigned to Revenue |
2023-02-10 | Senate | Referred to Assignments |
2023-02-10 | Senate | First Reading |
2023-02-10 | Senate | Filed with Secretary by Sen. Erica Harriss |
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
35 | 200 | 15-170 | Amended Code | Citation Text |
35 | 200 | 15-172 | Amended Code | Citation Text |
Illinois State Sources
Type | Source |
---|---|
Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2199&GAID=17&DocTypeID=SB&SessionID=112&GA=103 |
Text | https://www.ilga.gov/legislation/103/SB/10300SB2199.htm |