Bill Texts: IL HB1495 | 2025-2026 | 104th General Assembly
Bill Title: Amends the Department of Revenue Law of the Civil Administrative Code of Illinois. Provides that the Department of Revenue shall establish and administer a property tax relief pilot program. Provides that eligible homeowners shall receive a one-time direct relief payment in an amount equal to a percentage, determined by the Department by rule, of the eligible homeowner's property tax liability for the 2025 tax year. Requires the Department of Revenue to submit a report in connection with the Program to the Governor and the General Assembly. Creates the Property Tax Relief Program Fund of 2026. Provides that moneys in the Fund shall be used by the Department for the purpose of making property tax relief payments. Amends the State Finance Act to make conforming changes.
Spectrum: Partisan Bill (Republican 7-0)
Status: (Introduced) 2025-02-20 - Added Co-Sponsor Rep. Chris Miller [HB1495 Detail]
Spectrum: Partisan Bill (Republican 7-0)
Status: (Introduced) 2025-02-20 - Added Co-Sponsor Rep. Chris Miller [HB1495 Detail]
Bill Drafts
Revision | Date | Format | Source | View |
---|---|---|---|---|
Introduced | 2025-01-21 | HTML/Text | Link | View |
Amendments
Amendment | Date | Disposition | Format | Source | View |
---|---|---|---|---|---|
No bill amendments currently on file for Illinois HB1495 |
Supplemental Documents
Title | Description | Date | Format | Source | View |
---|---|---|---|---|---|
No supplemental documents for Illinois HB1495 currently on file. |