IL SB3573 | 2023-2024 | 103rd General Assembly
Status
Spectrum: Partisan Bill (Republican 10-0)
Status: Introduced on February 9 2024 - 25% progression, died in committee
Action: 2024-07-11 - Added as Co-Sponsor Sen. Jason Plummer
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 9 2024 - 25% progression, died in committee
Action: 2024-07-11 - Added as Co-Sponsor Sen. Jason Plummer
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Property Tax Code. Provides that, for taxable year 2024, the maximum income limitation for the Low-Income Senior Citizens Assessment Freeze Homestead Exemption is $75,000. Provides that, for taxable year 2025 and subsequent taxable years, the maximum income limitation shall be adjusted by the percentage increase, if any, in the Consumer Price Index. Effective immediately.
Title
PROP TX-SENIOR FREEZE
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2024-07-11 | Senate | Added as Co-Sponsor Sen. Jason Plummer |
| 2024-07-02 | Senate | Added as Co-Sponsor Sen. Sue Rezin |
| 2024-06-26 | Senate | Added as Co-Sponsor Sen. Jil Tracy |
| 2024-06-11 | Senate | Added as Co-Sponsor Sen. Win Stoller |
| 2024-06-10 | Senate | Added as Co-Sponsor Sen. Sally J. Turner |
| 2024-05-03 | Senate | Rule 3-9(a) / Re-referred to Assignments |
| 2024-04-05 | Senate | Rule 2-10 Committee Deadline Established As May 3, 2024 |
| 2024-03-20 | Senate | Added as Co-Sponsor Sen. Dave Syverson |
| 2024-03-18 | Senate | Added as Co-Sponsor Sen. Andrew S. Chesney |
| 2024-03-15 | Senate | Rule 2-10 Committee Deadline Established As April 5, 2024 |
| 2024-02-20 | Senate | Added as Chief Co-Sponsor Sen. Dan McConchie |
| 2024-02-20 | Senate | Assigned to Revenue |
| 2024-02-16 | Senate | Added as Chief Co-Sponsor Sen. Seth Lewis |
| 2024-02-09 | Senate | Referred to Assignments |
| 2024-02-09 | Senate | First Reading |
| 2024-02-09 | Senate | Filed with Secretary by Sen. Erica Harriss |
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=3573&GAID=17&DocTypeID=SB&SessionID=112&GA=103 |
| Text | https://www.ilga.gov/legislation/103/SB/10300SB3573.htm |
