Illinois Code | Chapter 35 Article 200 Section 15-175 | Introduced

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Status

State	Bill	Status	Summary/Title	Last Action
IL	HB1837	Intro 25%	Amends the Property Tax Code. Increases the maximum reduction for the general homestead exemption to $50,000 in counties with 3,000,000 or more inhabitants. Provides that for taxable years 2025 through 2027, the property tax liability for homestead p... [Detail][Text][Discuss]	2025-02-25 [Hearing: Mar 6 @ 8:00 am] To House Revenue & Finance Committee
IL	HB2424	Intro 25%	Amends the Property Tax Code. Provides that, for the purpose of eligibility for the general homestead exemption, "homestead property" also includes property that is used by a person as his or her principal dwelling place and on which the person is li... [Detail][Text][Discuss]	2025-02-25 [Hearing: Mar 6 @ 8:00 am] To House Revenue & Finance Committee
IL	SB2095	Intro 25%	Amends the Property Tax Code. Provides that, for taxable year 2025, the maximum reduction for the general homestead exemption shall be $10,000 in all counties. Provides that, for taxable years 2026 and thereafter, the maximum reduction for the genera... [Detail][Text][Discuss]	2025-02-25 To Senate Revenue Committee
IL	HB1746	Intro 25%	Amends the Property Tax Code. Provides that, for taxable years 2026 and thereafter, the term "maximum income limitation" for the low-income senior citizens assessment freeze homestead exemption means the greater of (i) $80,000 or (ii) $80,000 adjuste... [Detail][Text][Discuss]	2025-02-18 [Hearing: Mar 6 @ 8:00 am] To House Revenue & Finance Committee
IL	HB3724	Intro 25%	Amends the Property Tax Code. Provides that, beginning with the 2026 tax year (to be collected in 2027), the total tax bill for property receiving the General Homestead Exemption may not exceed 103% of the total property tax bill for the property for... [Detail][Text][Discuss]	2025-02-18 To House Rules Committee
IL	HB2639	Intro 25%	Amends the Property Tax Code. Provides that, for taxable years 2026 and thereafter, the maximum reduction for the general homestead exemption is $10,000 in all counties. Effective immediately. [Detail][Text][Discuss]	2025-02-06 To House Rules Committee