SB 2086

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

Prop Tx-Senior Freeze

Abstract

Amends the Property Tax Code. Provides that, for taxable year 2025, the maximum income limitation for the Low-Income Senior Citizens Assessment Freeze Homestead Exemption is $75,000. Provides that, for taxable year 2026 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 (5)

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Mar 05, 2025

Senate

Added as Co-Sponsor Sen. Li Arellano, Jr.

Mar 04, 2025

Senate

Added as Co-Sponsor Sen. Dale Fowler

Senate

Added as Co-Sponsor Sen. Craig Wilcox

Feb 27, 2025

Senate

Added as Co-Sponsor Sen. Andrew S. Chesney

Feb 25, 2025

Senate

Assigned to Revenue

Feb 06, 2025

Senate

Filed with Secretary by Sen. Erica Harriss

Senate

Referred to Assignments

Senate

First Reading

Bill Text

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