SB 3573

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

Prop Tx-Senior Freeze

Abstract

Amends the Property Tax Code. Provides that, for taxable year 2024, the maximum income limitation for the Low-Income Senior Citizens Assessment Freeze Homestead Exemption is $75,000. Provides that, for taxable year 2025 and subsequent taxable years, the maximum income limitation shall be adjusted by the percentage increase, if any, in the Consumer Price Index. Effective immediately.

Bill Sponsors (10)

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Jul 11, 2024

Senate

Added as Co-Sponsor Sen. Jason Plummer

Jul 02, 2024

Senate

Added as Co-Sponsor Sen. Sue Rezin

Jun 26, 2024

Senate

Added as Co-Sponsor Sen. Jil Tracy

Jun 11, 2024

Senate

Added as Co-Sponsor Sen. Win Stoller

Jun 10, 2024

Senate

Added as Co-Sponsor Sen. Sally J. Turner

May 03, 2024

Senate

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

Apr 05, 2024

Senate

Rule 2-10 Committee Deadline Established As May 3, 2024

Mar 20, 2024

Senate

Added as Co-Sponsor Sen. Dave Syverson

Mar 18, 2024

Senate

Added as Co-Sponsor Sen. Andrew S. Chesney

Mar 15, 2024

Senate

Rule 2-10 Committee Deadline Established As April 5, 2024

Feb 20, 2024

Senate

Added as Chief Co-Sponsor Sen. Dan McConchie

Senate

Assigned to Revenue

Feb 16, 2024

Senate

Added as Chief Co-Sponsor Sen. Seth Lewis

Feb 09, 2024

Senate

First Reading

Senate

Referred to Assignments

Senate

Filed with Secretary by Sen. Erica Harriss

Bill Text

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