Bill Title: 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.

Spectrum: Partisan Bill (Republican 13-0)

Status: (Introduced) 2024-05-16 - Added Co-Sponsor Rep. Wayne A Rosenthal [HB1274 Detail]

Text: Latest bill text (Introduced) [HTML]

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