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 2-0)
Status: (Introduced) 2023-10-10 - Added as Chief Co-Sponsor Sen. Dave Syverson
[SB2199 Detail]
Bill Drafts
| Revision | Date | Format | Source | View |
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| Introduced | 2023-02-10 | HTML/Text | Link | View |
Amendments
| Amendment | Date | Disposition | Format | Source | View |
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| No bill amendments currently on file for Illinois SB2199 |
Supplemental Documents
| Title | Description | Date | Format | Source | View |
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| No supplemental documents for Illinois SB2199 currently on file. |
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