Bill Title: Amends the Property Tax Code. Provides that the total property tax bill for any property receiving the senior citizens homestead exemption may not exceed 101% of the tax bill for the immediately preceding taxable year, unless the increase is due to improvements to the property that increased the property's fair market value in the applicable tax year.

Spectrum: Partisan Bill (Republican 7-0)

Status: (Introduced) 2024-04-05 - Rule 19(a) / Re-referred to Rules Committee [HB1254 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2023-01-18	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois HB1254

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois HB1254 currently on file.

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