HB 5867

  • Illinois House Bill
  • 103rd Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Prop Tx-5-Year Homestead

Abstract

Amends the Property Tax Code. Creates a homestead exemption for certain property located in Cook County that has been used as a qualified taxpayer's principal dwelling place for at least 5 continuous years as of January 1 of the taxable year. Provides that the aggregate amount of property taxes levied against that property in any taxable year may not exceed $5,000. Effective immediately.

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Nov 12, 2024

House

First Reading

House

Referred to Rules Committee

Jul 24, 2024

House

Filed with the Clerk by Rep. Thaddeus Jones

Bill Text

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