SB 1977

  • Illinois Senate Bill
  • 104th Regular Session
  • Introduced in Senate
  • Senate
  • House
  • Governor

Prop Tx-Homestead

Abstract

Amends the Property Tax Code. Provides that, on and after July 1, 2026, any bill to amend an existing homestead exemption or to create a new homestead exemption shall include the submission of an impact statement prepared by the sponsor of the bill. Provides that the maximum income limitation for the Low-Income Senior Citizens Assessment Freeze Homestead Exemption shall be $85,000 for taxable year 2025 and shall be subject to a cost-of-living adjustment in subsequent years. Provides that, for any tax certificates held by a county, the county clerk may create and administer a payment plan during the redemption period. Amends the Senior Citizens Real Estate Tax Deferral Act. Makes changes concerning the maximum household income. Effective immediately.

Bill Sponsors (3)

Votes


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Actions


Jun 02, 2025

Senate

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

Senate

Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments

May 30, 2025

Senate

Senate Committee Amendment No. 1 Assignments Refers to Revenue

May 29, 2025

Senate

Senate Committee Amendment No. 1 Referred to Assignments

Senate

Senate Committee Amendment No. 1 Filed with Secretary by Sen. Celina Villanueva

May 23, 2025

Senate

Rule 2-10 Committee/3rd Reading Deadline Established As June 1, 2025

May 09, 2025

Senate

Rule 2-10 Committee/3rd Reading Deadline Established As May 23, 2025

May 01, 2025

Senate

Added as Chief Co-Sponsor Sen. Graciela Guzmán

Apr 11, 2025

Senate

Rule 2-10 Committee Deadline Established As May 9, 2025

Mar 21, 2025

Senate

Added as Co-Sponsor Sen. Sara Feigenholtz

Senate

Rule 2-10 Committee Deadline Established As April 11, 2025

Mar 12, 2025

Senate

Assigned to Revenue

Feb 06, 2025

Senate

Filed with Secretary by Sen. Robert Peters

Senate

Referred to Assignments

Senate

First Reading

Bill Text

Bill Text Versions Format
Introduced HTML PDF
Senate Amendment 001 HTML PDF

Related Documents

Document Format
No related documents.

Sources

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