Bill Sponsors: IL SB3573 | 2023-2024 | 103rd General Assembly

Bill Title: 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.

Spectrum: Partisan Bill (Republican 10-0)

Status: (Failed) 2025-01-07 - Session Sine Die [SB3573 Detail]

Text: Latest bill text (Introduced) [HTML]

Sponsors

NameTypeSponsorshipDistrictFinancialEncyclopediaBiography
Senator Erica Harriss [R]PrimarySponsored BillsSD-056FollowTheMoneyBallotpediaN/A
Senator Seth Lewis [R]CosponsorSponsored BillsSD-024FollowTheMoneyBallotpediaVoteSmart
Senator Dan McConchie [R]CosponsorSponsored BillsSD-026FollowTheMoneyBallotpediaVoteSmart
Senator Andrew Chesney [R]CosponsorSponsored BillsSD-045FollowTheMoneyBallotpediaVoteSmart
Senator Dave Syverson [R]CosponsorSponsored BillsSD-035FollowTheMoneyBallotpediaVoteSmart
Senator Sally Turner [R]CosponsorSponsored BillsSD-044FollowTheMoneyBallotpediaVoteSmart
Senator Win Stoller [R]CosponsorSponsored BillsSD-037FollowTheMoneyBallotpediaVoteSmart
Senator Jil Tracy [R]CosponsorSponsored BillsSD-050FollowTheMoneyBallotpediaVoteSmart
Senator Susan Rezin [R]CosponsorSponsored BillsSD-038FollowTheMoneyBallotpediaVoteSmart
Senator Jason Plummer [R]CosponsorSponsored BillsSD-055FollowTheMoneyBallotpediaVoteSmart

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