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]

Text: Latest bill text (Introduced) [HTML]

---

Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Senator Erica Harriss [R]	Primary	Sponsored Bills	SD-056	FollowTheMoney	Ballotpedia	N/A
Senator Dave Syverson [R]	Cosponsor	Sponsored Bills	SD-035	FollowTheMoney	Ballotpedia	VoteSmart

Social Comments on IL SB2199