104TH GENERAL ASSEMBLY
State of Illinois
2025 and 2026
HB1495
 
Introduced , by Rep. Brad Halbrook
 
SYNOPSIS AS INTRODUCED:

20 ILCS 2505/2505-835 new
30 ILCS 105/5.1030 new
    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.


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A BILL FOR
 
HB1495LRB104 06533 HLH 16569 b


1    AN ACT concerning revenue.

2    Be it enacted by the People of the State of Illinois, 
3represented in the General Assembly:

4    Section 5. The Department of Revenue Law of the Civil 
5Administrative Code of Illinois is amended by adding Section 
62505-835 as follows:

7    (20 ILCS 2505/2505-835 new)
8    Sec. 2505-835. Property Tax Relief Pilot Program.
9    (a) Subject to appropriation, the Department shall 
10establish and administer a property tax relief pilot program. 
11Under the pilot program, eligible homeowners shall receive a 
12one-time direct relief payment in an amount equal to a 
13percentage, determined by the Department by rule, of the 
14eligible homeowner's property tax liability for the 2025 tax 
15year. Only one payment shall be made for each parcel of 
16qualifying property. Payments under this Section shall be 
17disbursed to eligible homeowners no later than December 31, 
182026. The Department may provide by rule that any surplus 
19moneys remaining in the Property Tax Relief Program Fund of 
202026 shall be distributed to eligible homeowners who are 
21members of low-income households. The Department, in 
22consultation with the State Comptroller, shall adopt rules 
23concerning the payment amount and the distribution of the 
 
 
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1payments under this Section.    
2    (b) In order to qualify for a payment under this Section:    
3        (1) the qualifying property must be classified as 
4 residential on January 1, 2025 and on January 1, 2026;    
5        (2) the eligible homeowner must be liable for the 
6 payment of property taxes on the qualifying property for 
7 the 2025 taxable year; and    
8        (3) the eligible homeowner must apply to the 
9 Department for a payment under this Section no later than 
10 August 31, 2026.    
11    (c) The Department shall submit a report in connection 
12with the program under this Section to the Governor and the 
13General Assembly. The report shall be submitted no later than 
14September 1, 2027. The report shall include a summary of the 
15number of payments distributed under this Section, the total 
16dollar amount of payments distributed under this Section by 
17household market value, and any recommendations for future 
18property tax relief.    
19    (d) The Property Tax Relief Program Fund of 2026 is hereby 
20created as a special fund in the State treasury. Moneys in the 
21Fund shall be used by the Department for the purpose of making 
22payments under this Section. On July 1, 2026, or as soon 
23thereafter as possible, the State Comptroller shall order 
24transferred and the State Treasurer shall transfer from the 
25General Revenue Fund to the Property Tax Relief Program Fund 
26of 2026 the amount of $6,000,000,000.    
 
 
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1    (e) As used in this Section:    
2    "Department" means the Department of Revenue.    
3    "Direct relief payment" means a payment made from the 
4Property Tax Relief Program Fund of 2026 to an eligible 
5homeowner under this Section.    
6    "Eligible homeowner" means a person who (i) owns 
7qualifying property in the State as of January 1, 2025 or (ii) 
8as of January 1, 2025, has a leasehold interest in qualifying 
9property in the State on which a single family residence is 
10situated that is occupied as a residence by an eligible 
11homeowner who has a legal or equitable interest in that 
12property, as evidenced by a written instrument, as an owner or 
13as a lessee, and on which the eligible homeowner is liable for 
14the payment of property taxes.    
15    "Homestead property" has the meaning given to that term in 
16Section 15-175 of the Property Tax Code.    
17    "Qualifying property" means homestead property that, as of 
18January 1, 2025, is occupied by an eligible homeowner as the 
19eligible homeowner's principal dwelling place.    
20    (f) This Section is repealed on January 1, 2028.    

21    Section 10. The State Finance Act is amended by adding 
22Section 5.1030 as follows:

23    (30 ILCS 105/5.1030 new)
24    Sec. 5.1030. The Property Tax Relief Program Fund of 2026.