HB 5438

  • Illinois House Bill
  • 101st Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Prop Tx-Senior Homestead

Abstract

Amends the Property Tax Code. Provides that, for taxable years 2020 and thereafter, the maximum reduction under the senior citizens homestead exemption is $9,000 in all counties (currently, $8,000 in counties with 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.

Bill Sponsors (5)

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Feb 18, 2020

House

First Reading

House

Referred to Rules Committee

Feb 14, 2020

House

Chief Co-Sponsor Rep. Amy Grant

House

Filed with the Clerk by Rep. Grant Wehrli

House

Co-Sponsor Rep. Tom Weber

House

Co-Sponsor Rep. Lindsay Parkhurst

House

Chief Co-Sponsor Rep. Deanne M. Mazzochi

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