SB 2199

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

Prop Tx-Senior Homestead

Abstract

Amends the Property Tax Code. Provides that, for taxable years 2024 and thereafter, the maximum reduction under the senior citizens homestead exemption is $8,000 in all counties (currently, $8,000 in counties with 3,000,000 or more inhabitants and counties that are contiguous to a county of 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 (2)

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Oct 10, 2023

Senate

Added as Chief Co-Sponsor Sen. Dave Syverson

Mar 10, 2023

Senate

Rule 3-9(a) / Re-referred to Assignments

Feb 28, 2023

Senate

Assigned to Revenue

Feb 10, 2023

Senate

Filed with Secretary by Sen. Erica Harriss

Senate

First Reading

Senate

Referred to Assignments

Bill Text

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